Special Loans:
A loan for those who can’t get a mortgage from a traditional bank
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
Can't get a loan from a regular bank
Some loan applicants have difficulty getting a loan approved by traditional banks, even though their income should be sufficient to qualify for a loan. Reasons for this may include:
– Self-employed
– Short history with your own company
– Significant consumer debt
– Annual or quarterly income
– Non-traditional occupation, e.g., influencer, musician, artist
– Multiple loan applicants; family members wish to purchase jointly
Has your loan application been denied? Talk to us before you give up hope.
There are a few criteria that banks must adhere to, and these are:
- that the debt shall not exceed 5 times the total gross annual income
- that a home should not have a mortgage exceeding 90% of its value
What is a special loan?
Not everyone fits within the traditional A4 box when it comes to debt, income, housing, and lifestyle.
Traditional mortgage lenders prefer customers who are permanently employed, ideally have a good education, have saved up equity, and are no more than two people buying a home together.
Income must be deposited into the account every month, and total debt must not exceed five times the total gross income. These are often the criteria for being granted financing for a home purchase.
Not everyone meets these criteria, but that doesn’t mean they’re bad borrowers—just a little different. Fortunately, in recent years, new banks have emerged that are committed to and believe in these customers.
That is why they have created the “Special Loan” product. Eiendomsfinans works with these banks and will help you find the one that best suits your needs. Different banks have their own methods of calculation and different criteria they prioritize; we know which ones and what they are.
Help Finding the Right Bank
Banks use different methods to assess the criteria for special loans. We are very familiar with how the various banks evaluate applications, what factors they prioritize, and how they can find a solution for you.
In that case, it’s a matter of choosing the bank that best meets your wishes and needs. You’ll be assigned a personal advisor from Eiendomsfinans who will help you with your application free of charge and identify the banks that are suitable for your situation.
Of course, there’s no such thing as a bank that’s best for everyone, but when your advisor knows what you’re looking for, he or she will quickly give you some good advice on which banks are right for you.
Special Loan Terms
- Total debt should not exceed five times total annual gross income.
- Loans can be granted up to 90% of the value of the property/purchase price, real security is accepted for any missing equity.
- 10% of the purchase price + costs in equity.
- You may have payment remarks.
Interest rates and fees on this type of loan are higher than those on standard mortgages; the reason for this is that the bank takes on a higher risk with these loans. The interest rate at the bottom of the page is an average rate, but if you have no payment delinquencies, your interest rate will be significantly lower than this. We are required to display an average interest rate.
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This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
Free and fast case management
With us, you will be assigned a dedicated advisor who will help you every step of the way. After
a pleasant conversation with you, we map out your financial situation.