Apply for amortization relief

Our ambition is to help all customers as far as possible. This could be if you have suffered a loss of income or if you for some other reason need to temporarily pause your amortization. Therefore, we offer you as a mortgage customer the opportunity to apply for amortization relief for 6 months or up to the 31st August 2021.

This means that during that time you only pay interest costs on your mortgage. You can easily apply for amortization relief via our internet bank or in the app.

To get amortization relief from the current month, the application needs to be sent to us no later than the 10th of the same month.

Why is it good to amortize?

For those who have the opportunity, it is good to amortize. Amortizing means that you pay off your loan, which reduces the loan and also your interest costs, since interest costs are based on how large a loan you have.

How does amortization relief work? 

Who can apply?

If you have experienced a loss of income due to the corona situation, you can easily apply for amortization relief. It does not matter whether your mortgages have a fixed or variable interest rate

Only one application needs to be made per household.

Things to note when you apply

  • The amortization relief applies to your entire mortgage loan, i.e. all your mortgages.
  • All co-borrowers need to understand and agree to the changes related to the amortization relief.
  • Should your financial circumstances change for the better during your amortization relief period, you can notify us to resume your existing amortization rate.
  • When the period of amortization relief has passed, your mortgage will revert to the current rate of amortization.

How many months can I apply for amortization relief?

If you have mortgages with us, you will have the opportunity to apply for amortization relief for a period of 6 months or up to the 31st August 2021. This means that during this period you will only be required to pay interest costs on your mortgages. Your amortization relief application can be done via our internet bank and on the SBAB-app. We will give you a reply within a few days.

It will be possible to apply for amortization relief up to the 31st August 2021.

If you have chosen to apply for amortization relief for 3 or 6 months, you will be able to reapply once these months have passed.

I'm am worried about my personal finances due to the corona situation. Can I apply for an amortization relief?

Many are facing financial problems due to the present situation in the world and thus feel the need to temporarily pause their amortization. We can help you with an amortization relief for 6 months or until the 31st August 2021.

When will my application be approved?

Once we have accepted your application, we will send you a message via the internet bank and on the SBAB-app. A few days later, you and your co-borrower will receive a new terms and conditions document for your mortgage. This document will be sent out to your registered address or to your digital mailbox at Kivra.

Can I, as a new customer, apply for amortization relief?

The opportunity to apply for a temporary amortization relief will be available for all our mortgage customers. For those of you who have a new mortgage, the possibility to apply for temporary amortization relief will be available in our internet bank and on the app after the loan has been paid out.

Can I extend my period of amortization relief?

If you have applied for amortization relief for 3 or 6 months, you will be able to reapply once these months have passed. All you will have to do is log into the internet bank or app and make a new application.

Do I need to pay double amortization when my period of amortization relief has passed?

No, once your amortization relief period has passed, you do not have to pay double amortization. If the present situation persists, it will be possible to reapply for amortization relief. If you choose not to reapply for amortization relief, the mortgage will go back to its existing amortization rate.