Refinancing – is a process when the client is granted a new home loan, to cover their existing obligations in another bank or financial institution. Usually, refinancing is performed seeking better conditions for the client.
You can choose between two refinancing options
1. Simplified refinancing
In this case, you must meet the following conditions:
- you can’t change the amount of the loan outstanding
- you secure the loan repayment with the same mortgaged real estate
- you don’t extend the loan maturity
- you have been duly fulfilling your financial obligations under the original credit agreement
In the case of simplified refinancing, we will waive the agreement fee and the commitment fee, and will reimburse the cost of an independent (external) property valuation (if we ask you to carry out such a valuation), and we will sign a home loan agreement. We will also reimburse the notary’s fees for mortgage certification, or for the right attached to the real estate and the transmission of data to the public register, and will reimburse the fees of the public registrar for the registration of the mortgage, or the fees of the right attached to the real estate in the public register.
2. Regular refinancing
In this case, you can request to:
- increase the loan amount
- extend loan maturity
- amend other conditions
In case of regular refinancing, we may apply the fees indicated on our price list.
Amendments to the terms and conditions of a loan agreement using simplified refinancing
If you wish to amend the interest rate of your home loan agreement with simplified refinancing, you need to first contact another bank or financial institution, and they will contact us. Only in such case will we be able to provide you with a refinancing offer. If you accept it, we will waive the loan agreement amendment fee. However, if we’re not able to provide you with an offer, we will inform you about it.
Please note that if amendments to the terms and conditions of a loan agreement are made without simplified refinancing, we may apply the fees indicated on our price list.
Also, please note that you may use the simplified refinancing procedure not more than once per 2 years.
Why should I refinance my home loan with SEB?
A single consultant who will help you throughout the entire process
Remote application and signing of the agreement
Advice and consultancy which is highly appreciated by customers*
* Internal customer survey performed on January-December 2024, where customers rated their satisfaction with mortgage credit advice at 4.7/5
Feedback from our customers
“Clear information, smooth communication, answered all questions, favourably agreed home loan offer, clearly stated conditions, everything is great.”
Comment from our customer survey
“Information is provided quickly and qualitatively. The employees are very nice, explain everything well and are ready to help.”
Comment from our customer survey
“I felt genuine caring communication. All concerns were clarified.”
Comment from our customer survey
How do I get advice or fill an application?
If you have a home loan with another bank or financial institution
Fill in the application for a new credit agreement in our website.
If you have a home loan with SEB and want to change your conditions
Fill in the application by logging in to your Internet Bank account. To do this, click on “Loans and leasing” → “My loans” → “Other changes” → “Change interest rate” → “Yes” in the menu bar.
We are currently experiencing an increase in the number of applications. Therefore, once you have submitted your application, we will contact you and answer your questions as soon as possible, but no later than within 30 days.
What documents do I need to submit if I want to refinance my loan with SEB?
If you are applying to refinance your home loan, you will need to submit similar documents as when you apply for a new home loan. You can find a list of the required documents in the home loan section of our website.
