The repayment period ranges from 1 to 15 years, or 5 years if you do not need to refinance. The nominal interest rate varies from a minimum of 4.9% to a maximum of 23.44%. The effective interest rate ranges from a minimum of 8,17% to a maximum of 34,16% (!), so it can be very beneficial to choose the best offer. Example: NOK 140,000 over 5 years, effective interest rate 13.44%, cost NOK 49,412, total NOK 189,412.
The interest rate is variable and set individually. Nominal interest rate 11.9%, effective interest rate 13.14%, loan amount NOK 200,000 with repayment over 5 years, cost NOK 69,078, total NOK 269,078. Eff. interest rate: 6,82%-48,76%.
Loan example: nominal interest rate 8.67%, effective interest rate 10.34%, NOK 90,000 o/5 years, set-up fee NOK 870, term fee NOK 35/ month. Cost NOK 24,407, total NOK 114,407. Max. effective interest rate 32.10
Example: The interest rate is variable and set individually. Annuity loan NOK 150,000, 5 years, nom. interest 12%, estab./term fee NOK 0 gives eff. interest 12.68%. Total cost: NOK 200,200 or NOK 3,337/month (60 payments). Repayment period 1-15 years, 5 years if you are not refinancing. Eff. interest: 5.17%-48.76%.
Repayment period 1–15 years (max 5 years if you are not refinancing). Nominal interest rate from 7.0–40.0% p.a. Effective interest rate from 7.2–49.8% p.a. depending on loan amount and repayment period. The interest rate is variable and set individually after a credit assessment. Example: NOK 230,000 over 6 years, nominal interest rate 11.39%, effective interest rate 12.00%, monthly installment approx. NOK 4,424, total to pay NOK 318,522.
Example: Annuity loan 150,000 NOK, 5 years, nominal interest rate 10.90%, estab./term deposit 0 NOK gives effective interest rate 11.46%. Cost: 45,234 NOK. Total cost 195,240 NOK, cost 3,254 NOK/month. Repayment period 1-15 years, 5 years if you are not going to refinance. Updated 2025-03-24
"Thorn Privatlån Pluss / TryggLån Representative example: effective interest rate 26.0%, 25,000, o/5 years, cost 17,588, total 42,588. The example is calculated based on the monthly amount being paid via direct debit and that the agreement's repayment plan is adhered to. Thorn Samlelån Representative example: effective interest rate 14.42%, 120,000, o/8 years, cost 77,204, total 197,204. The example is calculated based on the monthly amount being paid via direct debit and compliance with the agreement's repayment plan."
Example: Nominal interest rate 11.9%, effective interest rate 13.20%, loan amount NOK 135,000 with repayment over 5 years, cost NOK 101,038, total NOK 236,038. Establishment fee varies from NOK 0 to 1,990. The repayment period is 1 to 20 years. Max 5 years if you are not refinancing. Nominal interest rate varies from a minimum of 6.9% to a maximum of 23.4%. Effective interest rate varies from a minimum of 8.19% to a maximum of 26.23%.
Representative example: effective interest rate 26.1%, 25,000, o/5 years, cost 17,674, total 42,674. The example is calculated based on the monthly amount being paid via direct debit and that the agreement's repayment plan is adhered to.
"Representative example: Eff. interest 24.24%, 26300, o/5 years, cost. 17206, tot. 43506. The example is calculated based on the monthly amount being paid via direct debit and compliance with the agreement's repayment plan. "
Representative example: effective interest rate 28.79%, 40,000, o/5 years, cost 31,208, total 71,208. The example is calculated based on the monthly amount being paid via direct debit and compliance with the agreement's repayment plan.
Representative example: effective interest rate 31.60%, NOK 30,000, o/5 years, cost NOK 25,794, total NOK 55,794. The example is calculated based on the monthly amount being paid via direct debit and compliance with the agreement's repayment plan.
Representative loan example Ferratum Fleksikreditt: 48.17% eff. interest, 30,000, o/12 months, 39.97% nom. interest, cost. 6,494.72 kr. Total: 36,494.72 kr.
Borrowing costs money. Borrowing costs money. If you cannot repay on time, it may affect your credit record and make future borrowing more difficult. Always compare the total cost of credit before applying.
All offers shown
Uno Finans NO
Recommended: Uno Finans NO
Borrow up to NOK 600,000 with interest rates from 5.01%.
LoanExpat may receive compensation from partners when you click or apply through links on this page. This does not affect our editorial content.
Securing a mortgage in Norway as an expat involves understanding the local financial market and comparing available loan products. This calculator helps you assess mortgage options based on loan amount, duration, and specific provider terms. Use the comparison grid above to see current offers.
Norway’s mortgage market typically requires a deposit, often around 15% of the property value, with loans covering the remaining 85%. Lenders assess your creditworthiness, income, and employment stability. For expats, providing proof of stable income and residency in Norway is crucial.
When evaluating mortgage offers, pay close attention to the effective interest rate (eff. rente). This rate includes all associated fees and charges, providing a more accurate picture of the total cost than the nominal interest rate alone. Comparing the effective interest rates across different providers is essential for finding the most cost-effective mortgage.
Loan terms in Norway for mortgages can extend significantly, often up to 30 years, particularly for larger loan amounts. Shorter terms are typically available for smaller mortgage needs. The providers listed in the comparison grid offer various terms, with maximum durations often exceeding 15 years for some high-amount loans.
Understanding Mortgage Requirements for Expats in Norway
Expats moving to Norway to purchase property will need to meet specific criteria:
Residency Status: Typically, you need a D-number or a Norwegian personal identification number (fødselsnummer), and proof of long-term residency or a permanent work permit.
Income Verification: Lenders require documentation of your income, including employment contracts and recent payslips. A stable employment history in Norway is highly advantageous.
Credit History: While some lenders may consider international credit history, a Norwegian credit check is standard. Building a positive credit history in Norway is key.
Deposit: A down payment is almost always required. The amount can vary, but 15% is a common benchmark.
Credit and Loan Types in Norway
Beyond mortgages, Norway offers various credit facilities. Understanding these can help expats manage their finances:
Personal Loans: These are unsecured loans typically used for smaller purchases or consolidation. An example is Norway Personal Loans.
Payday Loans / SMS Loans: Short-term, high-interest loans available for immediate needs. See Norway Payday Loans and Norway SMS Loan for details.
Mortgage Loans: Specifically for property purchase, these are secured against the property. You can compare these specifically at Norway Mortgage Loans.
Comparing Mortgage Providers in Norway
The table above presents several providers. Key factors to consider when comparing:
Loan Amount Range: Providers like Okida NO offer high loan amounts up to NOK 1,000,000, while others focus on lower amounts.
Interest Rates: Look at the minimum and maximum effective interest rates. For example, Zensum NO advertises minimum effective rates starting at 5.25%, while Ferratum NO has significantly higher rates, reflecting different loan types.
Repayment Terms: Durations vary. Okida NO offers terms up to 30 years, suitable for large property purchases, while others like Zensum NO cap terms at 5 years.
Additional Fees: Some loans may have establishment fees, term fees, or other charges not always included in the nominal rate. Always check the loan agreement details.
Accepts Remarks: Providers like Nanofinans and Okida NO indicate they accept remarks, which might be relevant if you have specific circumstances to declare.
For a broader overview of financial products available to expats across different countries, visit the Countries hub. If you are interested in other loan types available in Norway, explore all loan types in Norway.
When considering any loan, ensure you understand all terms and conditions. This page provides information but is not financial advice. Approval is subject to the lender’s assessment of your financial situation.
What is the minimum deposit required for a mortgage in Norway as an expat?
Typically, lenders require a deposit of around 15% of the property's value. However, this can vary based on the lender and your financial profile.
Can I get a mortgage in Norway without a Norwegian personal number?
While a Norwegian personal number (fødselsnummer) or D-number significantly simplifies the process, some lenders may consider applications with other forms of identification and proof of stable residency and income in Norway. It is advisable to contact lenders directly to discuss your specific situation.
How long does it take to get a mortgage approval in Norway?
The approval timeline can vary but typically ranges from a few days to a few weeks after submitting all required documentation. Factors like the complexity of your application and the lender's processing times influence this.
What is the maximum loan term for a mortgage in Norway?
Mortgage loan terms in Norway can extend up to 30 years, particularly for significant property purchases. Some providers may offer shorter maximum terms, often around 5 to 15 years, depending on the loan amount and product type.
What are the key differences between nominal and effective interest rates for Norwegian mortgages?
The nominal interest rate is the base rate charged on the loan. The effective interest rate (eff. rente) includes the nominal rate plus all mandatory fees and charges associated with the loan, offering a more accurate reflection of the total annual cost.
Last updated: 22. June 2026
This calculator provides an estimate only. Actual terms depend on the lender and your credit assessment.
