Borrowers can choose between non-indexed loans with variable interest rates or indexed loans with variable or fixed interest rates. Fixed interest means that the loan's interest percentage remains the same throughout the loan period. The terms of individual loans can be seen here:
| ADDITIONAL LOAN | |
|---|---|
| (60-70% of purchase price) | |
| 5.05% | |
| 4.75% | |
| 10.95% |
Variable interest rates at Gildi will change on January 5th, 2025.
The non-indexed variable interest rate for base loans will then be 9.90% and for additional loans 10.65%.
The indexed variable interest rate for base loans will be 4.30% and for additional loans 5.05%."
Indexed loans generally have a lower payment burden than non-indexed loans. Indexed loans are linked to the consumer price index and therefore rise in line with inflation. Inflation is calculated monthly, but indexation on loans is calculated daily.
Both the principal and payments on indexed loans rise in line with the consumer price index.
The payment burden of a loan with equal instalments is greater to begin with than with equal payments.
With equal instalments, the loan always decreases by the same amount every month, and asset formation will therefore be faster at first.
An indexed loan with fixed interest includes predictable instalments and a more balanced payment burden, but slower asset formation compared to a non-indexed loan.
An indexed loan with a variable interest includes slower asset formation and a lower payment burden compared to a non-indexed loan.
During a long loan period, it can be guaranteed that interest rates will rise or fall and thus the payment burden will change. Loan instalments with variable interest rates are therefore not predictable throughout the loan period.
A non-indexed loan with a variable interest includes bigger instalments and faster asset formation compared to an indexed loan. During a long loan period, it can be guaranteed that interest rates will rise or fall and thus the payment burden will change. Loan instalments with variable interest rates are therefore not predictable throughout the loan period.
Gildi's loan terms change regularly. Below you can find information on how interest rates on Gildi’s indexed and non-indexed basic loans have changed since the establishment of the fund in 2005. The Board of Directors of Gildi decides on changes in the loan terms of loans to fund members.
* Gildi has offered its fund members non-indexed loans since 2015. Since that time, the interests have changed as can be seen in the chart above.