See the real cost of the loan.

The 12-month Euribor was 3,186 % on 5.10.2026, compared with 3,323 % on 2.10.2026 (Bank of Finland). Euribor rates are published with a one-day delay, so the figure shows the level of the previous banking day.

The average interest rate on new mortgages in August 2026 was 3.35%, compared with 2.84% in January 2026 (Bank of Finland). The September figures will be published on 28.10.2026.

The ECB's next monetary policy meetings are on 29.10.2026 and 17.12.2026. The ECB raised rates in June and September 2026, and the deposit rate has been 2.50% since 16.9.2026.

The general penalty interest under the Interest Act is 9.5% and the penalty interest for commercial contracts 10.5% for the period 1.7.–31.12.2026, when the reference rate is 2.5%. The new reference rate takes effect on 1.1.2027, and the Finnish Tax Administration (Verohallinto) penalty interest calculator can be used to calculate the amount of interest.

The interest rate cap on consumer credit is the Interest Act reference rate + 15 percentage points, but no more than 20 %, so for 1.7.–31.12.2026 the cap is 17.5 %. Other credit costs may be at most 0.01 % of the credit amount per day and at most €150 per year; the cap does not apply to credit secured by a dwelling or to vehicle instalment sales.

The effective annual interest rate shows the total cost of credit – interest and all mandatory costs – as an annual percentage. It is the best figure for comparing different loan offers, because the nominal interest rate alone does not show opening fees or account management fees. In marketing consumer credit, the effective annual interest rate must be stated using an example.

The positive credit register was introduced in Finland in April 2024. It collects information on people's loans and income, and a lender must check it before granting consumer credit. The register is maintained by the Incomes Register Unit of the Finnish Tax Administration (Verohallinto), and you can view your own data online free of charge.

A bank assesses above all the company's ability to service the loan from its cash flow: the ratio of operating profit (EBITDA) to debt service costs, collateral, equity ratio and payment history. Prepare for the loan negotiation the latest financial statements, the current year's result and a 12-month cash flow forecast. An SME can apply for a Finnvera guarantee alongside a bank loan.

The maximum loan-to-collateral ratio of a mortgage is 95 % of the fair value of the collateral for all borrowers. The Financial Supervisory Authority raised the cap for buyers other than first-time buyers from 90 % to 95 % on 30.6.2026 and decided on 30.9.2026 to continue the relaxation. The cap for first-time buyers was already 95 %.

After the legislative change that entered into force in June 2026, the maximum term of a new home loan is 40 years, compared with 30 years previously. A longer term reduces the monthly instalment but increases the total amount of interest paid.

Interest-free and fee-free credit, such as many buy now, pay later payment methods, will come under consumer credit regulation. The lender must document the creditworthiness assessment and carry it out also when raising a credit limit. If the assessment is neglected, the consumer does not have to pay interest or other credit costs.

The Act on Certain Consumer Credit Intermediaries obliges most part-time consumer credit intermediaries and lenders to register with the Financial Supervisory Authority (FIN-FSA). The provisions on registration and reliability assessment entered into force on 20.5.2026 and the Act as a whole on 20.11.2026. Certain SMEs are exempt from the registration obligation, so check your own situation with FIN-FSA.