You can make your dreams come true without changing your home.
Home equity loan is ideal for people who have low mortgage debt on their property, want to enjoy life, and do what their heart desires.
The loan is granted against collateral in the property, but during the loan term, no payments need to be made on the loan while the principal amount increases.
At the end of the loan term, the loan is paid off, but refinancing is also an option.
You can apply by sending an email to ibudalan@arionbanki.is or by booking an appointment for mortgage advice.
With a home equity loan, you can finance trips to the countries you've dreamed of visiting - without selling your house.
You can also use the loan funds to make your home more accessible with new flooring, a renovated bathroom, and updated lighting - without taking out a traditional loan with monthly payments.
Support for family matters to many of us. Home equity loan provides an opportunity to help future generations establish their homes or support them in daily life.
It can also be a good option to pay off overdrafts and credit card debts, thereby increasing monthly disposable income without increasing the payment burden.
The Icelandic pension system can be complex. Nevertheless, we encourage people to roll up their sleeves and take the time to understand their pension matters, as this kind of preparation can make a significant difference to the options available when retiring.
It is important to regularly pause and check the status and terms of the loans and financial obligations you have. It can make a significant difference to refinance loans that carry high interest rates or are unfavorable in some way.
The unequal status of cohabitants regarding pension rights has been somewhat in discussion. Pension fund laws include an equalization measure that allows for the division of retirement benefits or pension payments between spouses or cohabitants through voluntary agreements. However, there are many factors to consider when examining whether splitting retirement benefits is suitable, and it cannot be claimed that this approach is always the right one in every situation.
If a decision is made to split pension rights, the division only applies to the retirement benefits of those who are or have been in marriage or unmarried cohabitation, and to rights that have accrued during that time. The division must be mutual, equal, and cover all pension funds in which the member and spouse have rights. Legal requirements regarding health and age apply to the division of accrued rights, so this option needs to be considered in a timely manner.
Greiðslukort eru þægileg og handhæg leið til að greiða fyrir vörur og þjónustu og fá góða yfirsýn yfir eyðslu hvers mánaðar. Einnig fylgir þeim ákveðið öryggi eins og endurkröfuréttur.