Loan Insurance Your home is not only a home but also a long-term investment which, at its best, will increase your assets. This is why you should be prepared for sudden deterioration of your financial situation that may happen. Loan Insurance secures the repayment of your loan even in unexpected life situations. Loan Insurance is needed particularly when you alone are responsible for the repayment of a loan or only one of the debtors goes to work. Amidst a crisis, you can focus your effort on something else than rearranging the loan or selling the home.
Interest Collar If you have an agreement on Housing Loan Steady or Steady Plus, you can add Interest Collar to your loan to prepare for increased market rates. The effect of increased interest on your economy is more pronounced with a higher loan. With Interest Collar, you can ensure that the reference rate of your loan will not exceed the agreed maximum level during the agreed period. During the validity of the Interest Collar, the loan interest rate cannot exceed the maximum reference level plus the margin. Whenever the interest rate is lowered, you will benefit from it to the minimum level.
Interest deduction The interest on a loan taken for buying or renovating a regular dwelling may be partially deducted in taxation. The amount of deficit deduction made from income based on the interest on a loan taken out for purchasing a first home is slightly increased for the year during which you started using the first home and for the subsequent nine years.