Loan terms
New loans are granted as indexed loans with fixed interest rates. Fixed interest means that the loan's interest rate remains the same throughout the entire loan term. The terms for individual loans can be found here:
Gildi Pension Fund's loan interest rate table. Variable indexed and non-indexed interest rates are only for older issued loans.
| Loan category | Basic loan (up to 60% mortgage rate) | Additional loan (60–70% mortgage rate) |
|---|---|---|
| Indexed loan — fixed interest rate | 4.30% | 5.05% |
| Indexed loan — variable interest rate (older loans) | 4.30% | 5.05% |
| Non-indexed loan — variable interest rate (older loans) | 9.25% | 10.00% |
*Variable indexed and non-indexed interest rates are only for older issued loans.
Practical information about:
Indexed loans generally have a lower payment burden than non-indexed loans. Indexed loans are linked to the consumer price index and therefore rise in line with inflation. Inflation is calculated monthly, but indexation on loans is calculated daily. Both the principal and payments on indexed loans rise in line with the consumer price index.
The payment burden of a loan with equal instalments is greater to begin with than with equal payments. With equal instalments, the loan always decreases by the same amount every month, and asset formation will therefore be faster at first.
An indexed loan with fixed interest includes predictable instalments and a more balanced payment burden, but slower asset formation compared to a non-indexed loan.
An indexed loan with variable interest includes slower asset formation and a lower payment burden compared to a non-indexed loan. During a long loan period, it can be assumed that interest rates will rise or fall and thus the payment burden will change. Loan instalments with variable interest rates are therefore not predictable throughout the loan period.
A non-indexed loan with variable interest includes bigger instalments and faster asset formation compared to an indexed loan. During a long loan period, it can be assumed that interest rates will rise or fall and thus the payment burden will change. Loan instalments with variable interest rates are therefore not predictable throughout the loan period.
Interest rate development
Gildi's loan terms change regularly. Below you can find information on how interest rates on Gildi's indexed and non-indexed basic loans have changed since the establishment of the fund in 2005. The Board of Directors of Gildi decides on changes in the loan terms of loans to fund members.
Indexed loan - fixed interest rates
Indexed loan - variable interest rates*
*Indexed loans with variable interest rates were offered until 2025.
Non-indexed loan - variable interest rates*
*Interest rate development of Gildi's non-indexed loans from 2015 to 2025, and the subsequent interest rate development of existing loans after new lending was discontinued in 2025.