Housing loans on favourable terms

Fund members that have paid into the mutual pension division or the private pension division of Gildi are eligible for housing loans on favourable terms, on fulfilment of certain conditions. Borrowers can choose between different loan options, depending on what is suitable each time.

Click here to find out if you can apply for a loan at Gildi.
Please note that you must sign in using electronic ID!

Prinicipal information

Interest rate

Basic loan up to 65% mortgage ratioAdditional loan 65-75% mortgage ratio
Indexed Fixed interest2.80%3.55%
Indexed Variable interest1.60%2.35%
Non-indexed Variable interest5.35%6.10%
  • Chief advantages
    • Advantage
    • Favourable terms for indexed and unindexed loans
    • Up to 75% mortgage ratio based on the value of the property
    • There is no early payment fee on housing loans, which can be paid up at any time
    • The borrower chooses
    • Length of loan period from 5 years to 40 years
    • Indexed or unindexed interest
    • Fixed or variable interest
    • Equal instalments or equal payments
  • Price list
    Borrowing fees for new loans*
    Borrowing fee, basic loan, up to 65% mortgageISK 55,000
    Borrowing fee, additional loanISK 9,000
    Payment ability evaluation for individualsISK 9,500
    Payment ability evaluation for married couples / cohabitantsISK 14,500
    Payment ability evaluation for individuals (CreditInfo)*ISK 7,420
    Payment ability evaluation for married couples / cohabitants (CreditInfo)*ISK 14,310
    Registration feeISK 2,500
    Statement of liensISK 1,500
    Credit rating, if applicableISK 1,400
    Debt position statement, if applicableISK 1,400
    *subject to changes to cost items at CreditInfo

    When two bonds need to be prepared, the borrowing fee is ISK 55,000 for the first loan (the basic loan) and ISK 9,000 for the second loan (the additional loan) if the loans are taken at the same time for the same property. A total of ISK 64,000

    The borrower is responsible for registering the bonds.

    There is no early payment fee on fund member loans.

    Cost of document preparation*
    Mortgage transfers and lien releaseISK 8,000
    Change of debtorISK 8,000
    Amendment to terms / debt restructuringISK 8,000
    Conditional mortgage authorisationISK 8,000
    Lien releaseISK 8,000
    Payment ability evaluation for individual, if applicableISK 9,500
    Payment ability evaluation for married couples / cohabitants, if applicableISK 14,500
    Registration feeISK 2,500
    Statement of liensISK 1,500
    Delivery fee for official registrationISK 1,195
    Bank costs for debt restructuringVariable costs due to defaults
    Íslandsbanki payment fees*
    Paid with payment slip – paper statementISK 660
    Paid with payment slip – online statementISK 515
    Notification and payment fee debited from account – paper statementISK 275
    Notification and payment fee debited from account – online statementISK 130

    Payments on loans to members of Gildi Pension Fund are collected by Íslandsbanki hf.

    The cost of payments according to the effective price list of Íslandsbanki hf. (from 11 January 2022).

    *Subject to changes to cost items.

Rules on loan