SpareBank 1 alliance review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

SpareBank 1 alliance suits Norwegian buyers and switchers who want a fixed-rate home loan from a bank group and can live with a short fixed term. Its initial rate of 5.59% and an APRC of 5.81% sit above most lenders here, so the case rests on the bank relationship rather than price.

Key facts

Best for
Norwegian homebuyers wanting a bank-run fixed-rate mortgage for a purchase or a remortgage.
Initial rate
5.59% (Source, checked September 26, 2026)
APRC
5.81% (Source, checked September 26, 2026)
Fixed period
3 years (Source, checked September 26, 2026)
Maximum loan to value
85% (Source, checked September 26, 2026)
Product fee
NOK 2,650 to NOK 6,000 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Legal entity
SpareBank 1 Gruppen AS (Source, checked September 26, 2026)
Headquarters
Norway (Source, checked September 26, 2026)
Support channels
Phone, Chat, Email, Help-centre (Source, checked September 26, 2026)
Official website
sparebank1.no

Loans

Legal entity
SpareBank 1 Gruppen AS (Source, checked September 26, 2026)
Headquarters
Norway (Source, checked September 26, 2026)
Support channels
Phone, Chat, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • A named legal entity, SpareBank 1 Gruppen AS, stands behind the loan
  • Support runs through phone, chat and email for questions before and after the loan starts
  • The stated purpose covers purchase and remortgage, so buying and switching can sit with one lender
  • Lending runs to 85%, which suits buyers with savings for the rest

Cons

  • The APRC of 5.81% is high against the lenders compared here
  • A fixed period of 3 means the rate resets sooner than most rivals
  • The product fee of NOK 2,650 to NOK 6,000 adds a real upfront cost on a purchase or a remortgage
SpareBank 1 alliance

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Who it suits

  • Norwegian buyers with savings for a deposit and a steady income to service a fixed-rate loan
  • Existing customers of the group who would rather keep the mortgage and everyday accounts in one place
  • Anyone who prefers borrowing from a bank rather than a broker

Who should look elsewhere

  • Buyers chasing the lowest headline rate, since Prestalo lists 2.36%
  • Borrowers who want a long fixed period, where Creditilia ES quotes 4% on its own terms
  • Shoppers who prefer a wider rate spread, since Sofkredit lists 8% to 14%

How it compares on our data

Against the wider market, this fixed-rate home loan sits well down the field. It ranks 91 of 145 on the annual percentage rate of charge, 175 of 297 on the initial rate, 186 of 259 on the length of the fixed period, and 160 of 293 on the maximum loan to value. Those four positions point the same way: access is competitive, pricing is not.

The company behind it

The lender sits within SpareBank 1 Gruppen AS, a Norwegian banking group registered in no and supervised there by Finansdepartementet, the Norwegian Ministry of Finance. Applicants and existing borrowers reach the bank through phone, chat and email, so help is available by phone, chat, email or a help centre. Those channels belong to the lender, so a question about the rate goes to the group that carries the loan.

How SpareBank 1 alliance compares

Where SpareBank 1 alliance is available

Available
Norway
Licence in Norway
Finansdepartementet (Norwegian Ministry of Finance), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does this fixed-rate home loan cost me?+

The initial rate is 5.59% and the annual percentage rate of charge is 5.81%. A product fee of NOK 2,650 to NOK 6,000 is charged on top, taken from the bank's price list. The rate is then held for 3 before it is repriced, so the opening term is the cheapest part of the deal if market rates fall.

Who regulates this lender?+

The loan is issued by SpareBank 1 Gruppen AS, a Norwegian banking group, and the licence names Finansdepartementet, the Norwegian Ministry of Finance, as the regulator in no. Borrowing here is with a supervised bank group rather than an intermediary or a marketplace site, and the group's own company details are published for customers.

Can I use this loan to remortgage as well as buy?+

Yes. The stated purpose covers purchase and remortgage, so the same fixed-rate deal can fund a new home purchase or move an existing home loan across to this lender. The rate of 5.59% and the product fee of NOK 2,650 to NOK 6,000 apply to either use, and borrowing runs to 85% of the property value.

How much can I borrow against my home?+

Lending runs to 85% of the property's value, under the 90% median in our mortgage ranking, so the rest of the price has to come from your own savings. The rate is fixed for 3 at 5.59%, and the loan then runs for the period agreed with the bank.

How do I reach the bank once the loan is running?+

Support runs through phone, chat and email, so a rate question before an application and a servicing question afterwards go to the same bank. The help centre and email suit written queries, while phone and chat suit anything urgent about an existing loan or a payment date.

How does this rate compare with the other lenders here?+

It does not lead. Prestalo lists an initial rate of 2.36% and Creditilia ES quotes 4%, both under the 5.59% shown here, and Sofkredit works from 8% to 14%. The APRC of 5.81% is the fairer comparison once the product fee of NOK 2,650 to NOK 6,000 is counted.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Related by the facts

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