Secured loans

Bank loan for larger one-off purchases

A bank loan is a flexible and inexpensive solution when you are planning, for example, a new car or boat or some other larger one-off purchase. A secured loan is cheaper than an unsecured credit, because its interest is usually lower.

As security for your bank loan, you can use your home or other free security. We recommend that you consider using security case by case. For instance, if a plumbing or façade renovation is planned for your housing company, it may be advisable to save the free security for a renovation loan. In this case you can make the purchase at hand with unsecured credit.

We determine the repayment schedule, monthly instalment and due date for your loan together with you - according to your wishes and life situation. You can include loan insurance cover in most secured loans. The insurance helps in servicing your loan during possible unemployment, disability or illness.

With HomeFlex you get to use the assets tied to your home

Does your home need improvement or would you like to buy a summer cottage? Is the block of flats you live in going to have plumbing renovation or other repairs? With HomeFlex you get to use the assets tied to your home: you get a ten-year loan which is secured with your home equity. During the loan period you don't have to amortise your loan - you just pay the interest.

We open a current account as your HomeFlex account, and you can spend the money on it the way you like. We pay the same interest as you pay on your loan.