Repayment Plan Rates
*NB: Repayment plan is over 24 months
**APR - Annual Percentage Rate
Variable Mortgage Rates for Existing Business - Effective from Monday 16th January 2017
|Principal Private Residences||Rate||APR*|
|Home Loan Variable Rate||4.75%||4.85%|
|Residential Investment Loans||Rate||APR*|
|Investment Home Loan Rate||4.75%||4.85%|
|Standard Variable Rate
(Annuity & Endowment)**
*APR is the annual percentage rate
** Includes Bridging Loans
As of the 15th September 2014, a standard €100,000 Offset variable rate mortgage over 20 years costs €638.25 per month (4.7% APR*). The cost of your monthly repayments may increase. A 1 percentage point rise in interest rates will cause them to increase by €55.54 to €693.79.
As of the 16th January 2017, a standard €100,000 home loan variable rate mortgage, for owner occupiers, over 20 years costs €646.40 per month (4.85% APR*). The cost of your monthly repayments may increase. A 1 percentage point rise in interest rates will cause them to increase by €55.91 to €702.31.
ECB Tracker Mortgage
If you are currently a holder of a tracker rate mortgage with Danske Bank please refer to your mortgage agreement to determine and refer to documentation which provides this information for you such as bank statements . The ECB refinance rate, is published by the European Central Bank and is available at www.ecb.int
Variable Interest Rates for Personal Mortgage Products - Policy Statement
WE MAY CHANGE THE INTEREST RATE ON VARIABLE INTEREST RATE PERSONAL MORTGAGE PRODUCTS AT ANY TIME. THIS MEANS THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE OR DECREASE
This policy statement applies to the following variable interest rates for personal mortgage products:
- Home Loan Variable Rate
- Offset Mortgage Rate
- Investment Home Loan Rate
- Standard Variable Rate (Annuity & Endowment)
What do we consider when setting our variable interest rates?
The Bank considers market conditions when setting its variable interest rates for personal mortgage products. Market conditions include all factors that are relevant to the Bank’s decision on interest rates. Although these are not exhaustive, we have set out the most common of these factors with a brief explanation beside each one.