Loan secured with land or forest
The value of forests and land only grows over time. Put your assets to work.
Do you have an unused plot of land or forest? Selling it may be tempting, but making money on it in the long run would be more reasonable.
The price of land and forest is characterised by a long-term upward trend, because both are limited resources. Therefore, it’s a good idea to use them to build up additional financial resources. You can use the money you get from your land or forest as you see fit – you can make your dream come true or invest it. Put your assets to work!
Terms & Conditions
Amount from €5,000 to €300,000.
The amount of the loan offered and the interest rate will depend on the assessment of the value of the collateral and the solvency of the applicant.
Up to 70% of the value of the collateral will be financed, or up to 100% if extra collateral is provided.
2 months to 15 years
From 9% a year + 6 months Euribor
1% of the loan amount.
The agreement fee will be withheld when the loan amount is paid out.
Mortgage on property.
Monthly payment (this is an annuity payment). Euribor will be added.
Signing the agreement
Nordic Hypo AS will make an appointment with a notary. Remote attestation is possible.
At the client’s request, Nordic Hypo AS can pay the costs of registering the mortgage from the loan to be paid out.
Payout of the loan amount
The loan amount will be paid out in one or more payments, as necessary, in one banking day after the mortgage contract has been signed.
Early repayment option
The calculator shows the standard interest rate and monthly installment as an example, which may differ from the terms and conditions offered to you.
The monthly payment is an annuity plus 6-month Euribor.