Startlån – a starter loan from the kommune
If you are worried that you do not meet the requirements to get a standard mortgage in Norway – think about startlån, It is a unique scheme supporting people who struggle to obtain a loan from conventional banks.
1. What is startlån?
Startlån is a Norwegian government scheme designed to help people who are unable to obtain a standard mortgage. In some situations, local authorities may combine startlån with other forms of financial support, such as housing grants, creating more affordable financing options.
2. Who is eligible for startlån?
This scheme is available to all residents of Norway, including citizens and people with legal permission to live there. To be eligible for startlån, you must meet two main conditions:
- inability to obtain a loan from a standard bank
- a positive assessment of your creditworthiness by the local authorities.
If both requirements are met, you can use startlån on the terms set out below.
3. What are the terms of startlån?
The terms for granting startlån are often more flexible than those of traditional banks. What matters is convincing the local authorities that you are able to maintain the property. The scheme takes into account a wide range of life situations, from families with children, through seniors, to people with physical disabilities.
4. Additional information
We encourage interested persons to visit the Husbanken website, where they will find additional information about startlån, the conditions for granting it, and the application procedure. You can find it here.
You are also welcome to contact us by email: info@efirma.no during which we will explain any questions related to startlån.
5. What does the service include?
The service includes help with completing the application for startlån and any attachments, and submitting them to the office (in the case of electronic submission). You can also count on our answers to related questions.
NOTE: The service only includes acting as an intermediary between you and the office. The final decision on whether to grant startlån rests with the office.