Senior loan
→ For you over 60 years of age with saved capital in housing
→ 0,- in monthly expenses
→ Income has no significance
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.
Senior loan
One of the advantages of becoming a pensioner is that we get so-called “good time”. But time is not necessarily good just because you get more of it. When we say “plenty of time”, we really mean more time to do the things we most want to do, and then it’s a matter of being able to afford it. Do you want to give your children an advance on their inheritance, build on your cabin, renovate your house, book the dream vacation you’ve always wanted, or pay off existing debt?
If you are over 60 and have saved up capital in housing, a Senior Loan is a good option for you. The amount of the loan you are granted is affected by the value of the property, its location and your age.
Income has no impact on the loan amount, which is an advantage for pensioners who do not have such a high income.
How do Senior Loans work?
Time to cash out your savings? If you are over 60 and own your own home, you have probably saved up money in the home over several years, by paying off all or large parts of the mortgage. In addition, the home has probably increased significantly in value. With Senior Loan, you can now use your own savings exactly as you see fit.
SeniorLån allows you to release some of the savings tied up in your home, while ensuring that you can live in your home for the rest of your life.
With Senior Loan, you do not pay interest or installments as long as you live in the home. Whether you want to pay off other loans, treat the whole family to a vacation or build a cabin, you now have all the options.
For pensioners who need to look at a meager pension, a Senior Loan will usually be a better fit than an ordinary mortgage.
NOK 0,- in monthly expenses
The loan is paid out as a lump sum or as monthly payments, alternatively as a combination.
Interest is added to the loan monthly, but you won’t receive a monthly invoice. Senior Loans are only repaid in the event of permanent removal from the home (e.g. to a nursing home) or death.
Loan example Senior loan:
Name. interest 7.05%, eff. 7.32%, NOK 1,000,000, over 15 years, cost: NOK 1,885,426 in total. 2.885.426,-.
Costs associated with obtaining a new assessment on the property will be charged.
Facts about Senior loans
→ You must be at least 60 years old to get a Senior Loan
→ You can choose monthly payments, a lump sum or a combination of both
→ The loan relationship can be terminated at any time
→ If the value of the home is lower than the loan at maturity, the bank will cover the loss
→ You can deduct accrued interest expenses in your tax return each year and receive an extra tax benefit
→ SeniorLån cannot be combined with other debt attached to the home
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.
We can help you with senior loans
SeniorLån can be used for everything from upgrading your home, traveling, adventures, retiring a little earlier than planned, giving children or grandchildren an advance on their inheritance, buying a new car, boat, monthly loan expenses or whatever you want.
Free and quick case management
With us, you will be assigned a permanent advisor who will help you throughout. After
a pleasant conversation with you, we map your financial situation.