10. July 2026
Non-indexed variable interest rates rise on 9 August
Gildi's board has decided to raise the variable non-indexed interest rate on older fund member loans* by 0.25%, in line with the Central Bank of Iceland's recent increase in its policy rate. The change takes effect on Sunday, 9 August. The fund's other interest rates remain unchanged this time.
Following the change, the fund's interest rate table will be as follows:
| Base loan (loan-to-value up to 60%) | Supplementary loan (loan-to-value 60-70%) | |
|---|---|---|
| Non-indexed – variable interest rate | 9.25% | 10.00% |
| Indexed – variable interest rate | 4.30% | 5.05% |
| Indexed – fixed interest rate | 4.30% | 5.05% |
*The change applies only to older fund member loans, as the fund does not grant loans with variable interest rates following the Supreme Court ruling last year on the terms of Íslandsbanki loans.