Loans linked to NIBOR
- Very flexible and possible to make changes to the loan’s term
- Floating or fixed margin over NIBOR
- Minimal need for ongoing administrative attention
- Option to benefit from a green interest rate discount of 0.1 percentage points
NIBOR-linked loans provide a high level of flexibility in relation to any need to make changes to the loan’s instalment profile or to borrow more. The interest rate on a NIBOR-linked loan is set every three months, and customers can choose a floating margin or a fixed margin with a maximum fixed period of ten years. NIBOR-linked loans provide a high level of flexibility in relation to any need to make changes to the loan’s instalment profile or to borrow more. Maturities of up 50 years mean only minimal ongoing attention is required, which facilitates financial reporting.
NIBOR-linked loans can be used as part of KBN’s green lending program, which offers a discount of 0.1 percentage points on the applicable normal interest rate.
Information and terms
| Maturity | Up to 50 years | No change fees |
|---|---|---|
| Interest determination | Fixed against 3MNibor, with floating or fixed margin surcharge | Follows Nibor with floating or fixed margin spread |
| Installment | Optional, term, annuity or interest only | |
| Fixed interest | 3 months | |
| Green interest rate | Read more on green rates | |
| Flexible installment structure | Can be customized | |
| Interest calculation | Actual / 360 days | |
| Loan termination | Notice period 14 days | Free of charge |
| Partial payments | ||
| KBN charge free | ||
| Notification period for interest change | 14 days | |
| Conversion of fixed product | Free of charge | |
| Debentures |