SpareBank 1 Nord-Norge to lower interest rates on home mortgages

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For the second time in a week SpareBank 1 Nord-Norge is to lower its interest rates on home mortgages, this time by up to 0.50 percentage points for both new and existing customers. During the past week the bank has also granted more than 2000 applications for postponement of installments. 


In less than a week the interest rates on home mortgages has been lowered with up to 0.85 percentage points. The new lowest mortgage rate will be 2,05 %.  


- We know it is a difficult time for many of our customers, also financially, and we do what we can in order to contribute, says Lasse Hagerupsen, Executive vice president Personal banking at SpareBank 1 Nord-Norge. 


The rate change will become effective on 29 April for existing customers. For new customers, last week’s rate change will become effective on 23 March and today’s change on 30 March. 


Tromsø, 23 March 2020

Contact persons at SpareBank 1 Nord-Norge: 

  • Executive director, retail marked: Lasse Hagerupsen, tel 975 02 197 
  • Director of Corporate Communications: Stein Vidar Loftås, tel 951 26 576 


This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act