FAQ

Requirements for applying for a loan:

• No insolvency entries
• At least 20 years old
• Annual income at least € 12,000
• You are Finnish citizen or have lived in Finland for at least 3 years

Repayment period can be between 1 to 15 years

Our partner banks evaluate each application on a case-by-case basis and determine the interest rate on the loan based on the information you provide. With a co-applicant, the chances of a lower interest rate will increase.

You can repay all or part of your loan at any time. At no extra cost.

Through our service you can apply for a loan of € 1,000 - € 50,000. Based on the information you provide, our partner banks will estimate how much and on what terms they can offer a loan. With a co-applicant, it is possible to get better terms for your loan.

Yes, the address must be permanently registered in Finland.

The most important document is your most recent payslip you have received from your employer. The second document you need is the last tax return (veroilmoitus) you have received. This document shows your previous income and your assets and loans in Finland.

Yes, and adding a co-applicant always increases the chances of getting a positive answer.

You can choose the loan repayment period but it must be between 1 and 15 years.

Refinancing of loans is the repayment of a loan with a credit taken on more favorable terms. You can use this option if you have a loan or credit in Finland that you want to repay.

Our service is free. This is also the case if you decide not to accept loan offers. And if the offers don't suit you, you have no obligation to continue with them.

Offers are usually valid for 30 days.

The nominal interest rate is the agreed interest rate payable at no additional cost.

The real interest rate determines the total cost of the loan as a percentage of the total amount of this liability per year. At this interest rate, we can compare offers objectively.

Very broadly understood creditworthiness, which is affected by the time of living and working in Finland, previous liabilities and solvency, the existence of assets in Finland, etc.

No, under Finnish law it is not possible to get a loan if you have a debt collection.

No, under Finnish law you cannot get a loan in this case. Your name may be on it for 2-3 years, depending on the amount of your debt and the agreement you made. This is valid even if the loan or obligation has already been repaid.

We usually receive a response within 1 business day, but there may be exceptions.

Generally, you will receive a negative answer if you do not meet all the conditions for a loan or, alternatively, your creditworthiness is simply lower.