On these pages you will find various information about COVID-19.

Please note that work on the site is in progress.

Here you will find, among other things, information from banks and other lenders on grace periods on loan payments that they give because of the COVID-19 virus. Please note that the grace period information displayed here is obtained from the websites of banks and lenders and is subject to change. If there is inconsistency with the text displayed here and on the websites of the relevant agencies and companies, the text on their websites should always be used. It is important to contact the bank or lender directly.

Pension Funds

Almenni pension fund

In light of the economic impact of COVID-19, the pension fund will grant a temporary grace period on loan payments from fund-members who have temporary payment difficulties. In such cases, the fund will authorize a grace period of up to six months. In such cases loan payments will be frozen and added to the principal which means that payments will increase after the end of the grace period.

See more information on the pension fund website (Icelandic only)

Please contact the fund directly: 
Telephone number: 510 2500
Email: almenni@almenni.is

Birta pension fund

For fund members who have payment difficulties they offer a temporary suspension of loan repayments with modifications of the loan terms. This can be done electronically between Birta pension fund and the fund members but must eventually be done on paper for confirmation at the sheriff’s office (sýslumaður).

Read more on the Birta pension fund website (Icelandic only)

Please contact the fund directly: 
Telephone number: 480 7000
Email: birta@birta.is

Festa pension fund

Festa pension fund will endeavor to help those who have borrowed from the fund and anticipate payment difficulties due to the spread of the COVID-19 virus. The fund will provide flexibility as permitted by law and regulations.

Read more on the Festa pension fund website (Icelandic only)

Please contact the fund directly: 
Telephone number: 420 2100
Email: festa@festa.is

Frjálsi pension fund

Frjálsi pension fund will help those fund members who are facing payment difficulties on their loans because of Covid-19. To help them in the challenging times ahead, they are offered to pause loan repayments for up to three months.

See more on the website of the Frjálsi pension fund (Icelandic only)

Please contact the fund directly: 
Telephone number: 444 6090
Email: frjalsi@frjalsi.is

Gildi pension fund

Gildi pension fund will help their borrowers who anticipate payment difficulties because of the spread of the COVID-19 virus and will be granted flexibility in accordance with law and regulations.

See further information on the Gildi pension fund website 

Please contact the fund directly: 
Telephone number: 515 4700
Email: gildi@gildi.is

LV the Pension Fund of Commerce (Lífeyrissjóður verslunarmanna)

Payments paused

By pausing repayment on LV loans, borrowers are given flexibility to respond to the contraction in income that they may be experiencing due to the current slowdown of the economy and difficulties in the operation of numerous companies due to COVID-19.

See more on the website of LV the Pension Fund of Commerce (Icelandic only)

Sjá nánar á vef Lífeyrissjóðs verzlunarmanna.

Please contact the fund directly: 
Telephone number: 580 4000
Email: skrifstofa@live.is

Banks

Arion bank

Arion Bank will help those individuals who are facing difficulties with mortgage payments due to COVID-19. These individuals are offered to pause their loan repayments for up to three months to help them cope with the foreseeable challenges ahead.

See Arion Bank's website.

Íslandsbanki

Customers, individuals and companies that have been most affected by this difficult situation can temporarily freeze their loan repayments.

See further details on Íslandsbanki's website.

 

Landsbankinn

Landsbankinn offers a variety of ways to help their customers who face unexpected circumstances such as unemployment, sickness or anything else that may affect income or financial position due to unusual circumstances.

Read more on Landsbanki's website.

Home leasing companies

Alma home leasing company

The company offers renters who have suffered loss of income due to the virus a reduction in their monthly rent payments by 50% for up to three months. The reduced amount can further be distributed over a 24 month period free of charge to the renter.

See more on Alma's website (Icelandic only)

 

Heimavellir

Heimavellir will offer a payment plan option for lessees who suffer a temporary loss of income due to COVID-19

See more on the Heimavellir website.

 

 

Directorate of Health web site

Covid.is

Directorate of Labour

Information for VR members due to COVID-19

Reiknivél vegna minnkaðs starfshlutfalls