·
Updated 23. June 2026
·
Freedom Rahoitus
Representative example: €10,000, 10 years, 120 instalments, annual percentage rate (APR) 7.21%, nominal interest rate 6%, costs €3,923 and total €13,923.
Sortter.fi CPS
Representative example: When the loan amount is €10,000, the interest rate is 7%, the repayment period is 5 years and the arrangement fee is €0, the monthly instalment is €198.01, the total amount to be repaid is €11,880.60 and the annual percentage rate (APR) is 7.23%.
Rahalaitos.fi
Representative example: Example of borrowing costs for a €500 loan with a 1-year repayment term: Nominal interest rate 10.40%, Annual percentage rate (APR) 10.91%, Account management fees €0. Set-up and monthly fees: €0, Interest charges: €29, Total costs: €529. The loan term on offer can range from 1 to 15 years and the interest rate from 4.5% to 20%.
Omalaina.fi
Representative example: The actual annual interest rate is 6.26%, calculated on a typical loan amount of €10,000, with a repayment period of 5 years, an account management fee of €5, an opening fee of €0 and an illustrative interest rate of 5.0%. The total amount to be repaid is therefore €11,623, or €193.71 per month. The final annual percentage rate, the loan term and the monthly repayment amount are set out in the loan agreement.
Etua.fi
Representative example: Nominal interest rate 6.99% and annual percentage rate 7.9%, for a loan amount of €15,000 and a loan term of 10 years (including a €0 arrangement fee and an account management fee of €5 per month). Loan term: 1–18 years. The nominal interest rate offered may vary between 4.68% and 20%, and other annual costs between €0 and €150. Full details are set out in the loan offer.
Morrow Bank
Representative example: interest rate 12.60%, annual percentage rate 15.33%, €10,000 over 5 years, set-up fee €45, account management fee €8 per month, total €14,070, monthly repayment €235.
Rahoitu.fi
Representative example: With a loan of €10,000 and a repayment period of 5 years, the monthly instalment is €232.5. The monthly instalment includes a monthly administration fee of €5 and an arrangement fee of €90. The total cost of the loan is therefore €13,951. The nominal interest rate is 12.60% and the annual percentage rate (APR) is 14.9%.
Ferratum.fi
Representative example: Ferratum Flexible Credit is a revolving credit facility of 4,000 EUR, which remains available to the customer up to the agreed credit limit. The first withdrawal is paid into the customer’s account between 7:00 and 23:00. Fees: account management fee of 12.00 EUR per month, nominal annual interest rate of 19.97% and annual percentage rate (APR) of 29.79%. The estimated total cost of the credit is 4576.59 EUR, assuming the customer withdraws 4000 EUR in a single transaction and repays it in 12 monthly instalments.
Etsilaina.fi
Representative example: Interest rates on loans are individual. Your specific interest rate will be stated in the loan offer. The loan offer is not binding. Loan term 1–15 years, loan amount up to €60,000, annual loan costs €0–150, interest rate 4–20%. Example: €10,000, 10 years, 120 instalments, effective annual interest rate 7.21 per cent, nominal interest rate 6 per cent, costs €3,923, total €13,923.
Banken.fi
Representative example: The loan term can be between 1 and 15 years, the loan amount between €1,000 and €70,000, and the nominal interest rate between 4% and 20%. Example: With a loan amount of €20,000, an interest rate of 4.5%, a repayment term of 9 years and an account management fee of €5 per month, the monthly instalment is €231 and the total amount to be repaid is €24,900. Please note that you can also repay the loan sooner.
Haenyt.fi
Representative example: The loan term on offer ranges from 1 to 15 years. The actual annual interest rate on the loans is a minimum of 4.5% and a maximum of 38%. Loan example: If a €10,000 loan is repaid over 5 years, the total amount to be repaid is €12,866.64. This means that the costs amount to €2,866.64 and the annual percentage rate is 10.91%.
Zmarta
Representative example: With a loan of €15,000 over a 6-year term, the monthly repayment is €270 for 72 months. In this case, the total cost of the loan is €19,468, the nominal interest rate is 9% and the annual percentage rate (APR) is 9.38% (including a €0 administration fee and a €0 arrangement fee). Lenders’ loan amounts range from €1,000 to €70,000, with a nominal interest rate of 4.41–20% (annual percentage rate 4.5–38 per cent) and loan terms ranging from 1 to 15 years. Lenders process all applications automatically to ensure swift and responsible credit decisions.
Creditstar
Representative example: Creditstar is an unsecured credit facility of up to 3,000 euros, with a nominal interest rate of 14.99%, a credit opening fee of 0 euros, and an account management fee of 0.01% per day of the credit limit. Example of loan repayment: The annual percentage rate (APR) for a loan of €2,000 is 23.86%. The calculation takes into account a nominal interest rate of 14.99% and a monthly loan administration fee of €6. The total amount of the loan and loan costs is €2,238.12, with 12 instalments.
iRaha.fi
Representative example: Example of loan repayment: a loan of 500 euros, loan term 30 days, 1 repayment instalment, interest of 7.92€, loan administration fees €5.00, total credit costs €12.92. Total amount of the loan and loan costs: €512.92, interest rate: 19%, annual percentage rate (APR): 36.39%.
Minunraha.fi
Representative example: Example of loan repayment: a loan of 500 euros, loan term 30 days, 1 repayment instalment, interest of 8.13 euros, loan administration fees €5.00, total credit costs €13.13. Total amount of the loan and loan costs: €513.13, interest rate: 19.5%, annual percentage rate (APR): 20.5%.
Cashday.fi
Representative example: Example of loan repayment: a loan of 500 euros, loan term 30 days, 1 repayment instalment, interest of 8.13 euros, loan administration fees €5.00, total credit costs €13.13. Total amount of the loan and loan costs: €513.13, interest rate: 19.5%, annual percentage rate (APR): 20.5%.
Neolaina.fi
Representative example: Example of loan repayment: €400 loan, loan term 30 days, 1 repayment instalment, interest €6.33, loan administration fees €5.00, total credit costs €11.33. Total amount of the loan and loan costs: €411.23, interest rate: 19%, annual percentage rate (APR): 20.25%.
Vippi.fi
Representative example: Annual Percentage Rate (APR) for a loan of €1,500: 28.5%. The calculation is based on an interest rate of 19% and a monthly loan servicing charge of €4.56. The total amount of the loan and loan costs is €1,713.48, with 12 instalments of €142.79 per month.
LoanExpat may receive compensation from partners when you click or apply through links on this page. This does not affect our editorial content.
Using a mortgage calculator in Finland is a critical first step for any expat planning to transition from renting to home ownership in the Nordics. While the Finnish banking system is highly efficient, international residents often face specific hurdles regarding down payment requirements and credit history assessment that a simple online tool might not immediately reveal.
Expats frequently assume that a high salary alone guarantees a loan approval. In reality, Finnish lenders look for stability, local tax history, and a clear understanding of the ‘asp-tili’ system or general savings requirements. Miscalculating your monthly costs by ignoring property taxes or housing company maintenance fees (hoitovastike) can lead to significant financial strain after the purchase is finalized.
Common Pitfalls for Foreign Buyers
Many newcomers fail to account for the unique structure of Finnish property ownership. When you buy an apartment, you are technically purchasing shares in a housing company. This means your monthly outgoings consist of more than just the bank repayment. A mortgage calculator in Finland helps estimate the loan portion, but you must manually add the monthly maintenance fee charged by the building association.
Another frequent mistake is neglecting the transfer tax (varainsiirtovero). While first-time buyers under a certain age were previously exempt, recent legislative changes have altered these benefits. Always ensure your budget includes this upfront cost, which is typically 1.5% for apartments and 3% for detached houses, as it cannot usually be folded into the mortgage itself.
Understanding the Self-Financing Share
Finnish regulations generally require a minimum down payment, often referred to as the self-financing share. For most residents, this sits at 10% to 15%, though some lenders may require 20% from foreign nationals who have lived in the country for less than two years. If you do not have the full amount, you might need to look into financing options for property that involve additional guarantees or private collateral.
| Requirement Type | Standard Expectation | Expat Consideration |
|---|---|---|
| Down Payment | 10% – 15% | May be higher for non-EU citizens |
| Employment | Permanent contract | Probation periods are often rejected |
| Credit Score | Clean Finnish record | Foreign history is rarely considered |
| Language | Finnish/Swedish | English service varies by branch |
Banks also apply a stress test to your finances. Even if current interest rates are low, the bank will calculate your ability to pay if rates rise to 6%. This ensures that your debt-to-income ratio remains sustainable during economic shifts. If you find your debt levels are already high due to existing commitments, you might consider a strategy to combine your debts before applying for a home loan to improve your solvency profile.
Interest Rates and Reference Margins
In Finland, the most common reference rate is the 12-month Euribor. Your total interest rate will consist of this market rate plus the bank’s personal margin. This margin is the negotiable part of your loan. Expats with stable jobs in high-demand sectors like technology or healthcare often have more leverage to negotiate a lower margin.
It is worth noting that while you focus on the mortgage, other life expenses in Finland can be high. If you are also planning to purchase a vehicle for your commute, checking rates for vehicle financing can help you see how much of your monthly budget remains for a house payment. Balancing multiple loans requires a disciplined approach to your monthly cash flow.
Additional Costs Beyond the Mortgage
The purchase price is only one part of the equation. In many Finnish apartment buildings, there is a ‘debt-free price’ and a ‘sale price.’ The difference is the housing company loan (yhtiölaina) allocated to that specific unit for past renovations like pipe repairs or roof work. You can choose to pay this off in a lump sum or as a monthly financial charge (rahoitusvastike).
When using a mortgage calculator in Finland, decide whether you intend to finance only the sale price or the full debt-free price. Financing the debt-free price with a personal mortgage is often cheaper, as the interest on a private mortgage is typically lower than the interest charged by the housing company on its collective debt. This guide does not constitute financial advice, and you should always consult with a certified professional before signing a binding purchase offer. Approval is never guaranteed and depends on individual bank criteria.
Can I get a mortgage in Finland without a permanent residence permit?
Yes, it is possible, but lenders often require a higher down payment (up to 20-30%) and proof of long-term ties to Finland, such as a permanent employment contract.
What is the ASP account for expats?
The ASP system is a government-backed savings program for first-time buyers aged 18-44. It offers a better interest rate and a state guarantee, but you must save for at least eight quarters before applying.
How do banks view foreign income?
Finnish banks generally prefer income earned in Euros and taxed in Finland. Foreign income may be considered at a discounted value due to exchange rate risks.
Are there hidden fees in Finnish mortgages?
You will typically pay an arrangement fee (toimitusmaksu) and monthly account management fees. Additionally, you must pay for a property valuation if the bank requires one.
Is mortgage interest tax-deductible in Finland?
The tax deductibility of mortgage interest has been phased out over recent years and is no longer a significant benefit for most homeowners.
Last updated: 23. June 2026
This calculator provides an estimate only. Actual terms depend on the lender and your credit assessment.
Estimated monthly payment: €0