The total interest rate on a home loan consists of the customer-specific margin and the reference rate. The reference rate may be a generally used market reference rate (such as the 6-month or 12-month Euribor) or the bank’s own reference rate (e.g. Nordea Prime). Your margin will remain the same throughout the loan period, whereas the reference rate will fluctuate according to the market interest rates. The most commonly used reference rate in home loans is the 12-month Euribor. You can check the reference rate on your home loan easily in Nordea Mobile or Netbank under your loan details.