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.
| Basic loan up to 60% mortgage ratio | Additional loan 60-70% mortgage ratio | |
|---|---|---|
| Indexed Fixed interest | 3,55% | 4,30% |
| Indexed Variable interest | 2,35% | 3,10% |
| Unindexed Variable interest | 5,10% | 5,85% |
| Borrowing fees for new loans* | |
|---|---|
| Borrowing fee, basic loan, up to 60% mortgage | ISK 48,000 |
| Borrowing fee, additional loan | ISK 7,000 |
| Payment ability evaluation for individuals | ISK 8,500 |
| Payment ability evaluation for married couples / cohabitants | ISK 12,000 |
| Registration fee | ISK 2,500 |
| Statement of liens | ISK 1,000 |
| Credit rating, if applicable | ISK 850 |
| Debt position statement, if applicable | ISK 750 |
| Documents printed from Registers Iceland | ISK 350 |
When two bonds need to be prepared, the borrowing fee is ISK 48,000 for the first loan (the basic loan) and ISK 7,000 for the second loan (the additional loan) if the loans are taken at the same time for the same property. A total of ISK 55,000
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 release | ISK 3,000 |
| Change of debtor | ISK 3,000 |
| Amendment to terms / debt restructuring | ISK 3,000 |
| Conditional mortgage authorisation | ISK 3,000 |
| Lien release | ISK 3,000 |
| Payment ability evaluation for individual, if applicable | ISK 8,500 |
| Payment ability evaluation for married couples / cohabitants, if applicable | ISK 12,000 |
| Registration fee | ISK 2,500 |
| Statement of liens | ISK 1,000 |
| Delivery fee for official registration | ISK 950 |
| Bank costs for debt restructuring | Variable costs due to defaults |
| Íslandsbanki payment fees* | |
|---|---|
| Paid with payment slip – paper statement | ISK 640 |
| Paid with payment slip – online statement | ISK 515 |
| Notification and payment fee debited from account – paper statement | ISK 255 |
| Notification and payment fee debited from account – online statement | ISK 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 30 Desember 2019).
*Subject to changes to cost items.