When you save at least ten per cent of the price of your home, we will lend you the rest. If the loan interest rate rises over 3.8 per cent, the state will pay part of the loan interest.

ASP loan Features Consumer Credit Information Prices Terms and conditions ASP loan

ASP account

  • You can start saving regularly for your first home by opening an ASP account. You can open an ASP account if you are aged between 18 and 39 years.
  • When you save in an ASP account together with your spouse, he or she can be over 40 years of age. If you are co-habitants, both of you must be under 40.
  • The first deposit must be at least 150 euros.
  • With an ASP account, you make deposits of 150–3,000 euros per each calendar quarter. The minimum number of quarterly deposits is eight, and they do not have to be in consecutive quarters.
  • The minimum saving time is about two years. 
  • Once you reach your savings target, we will lend you the rest.

ASP loan

  • An interest-subsidised loan has a maximum limit depending on your locality (see Features).
  • An ASP loan can also be used for building your own house or buying a home that is still under construction (RS flat).
    You cannot take an ASP loan for buying a lot, a right-of-occupancy flat or a partially owned flat.
  • The loan period is 10 to 25 years.
Features

  • An ASP loan is composed of an interest-subsidised loan and a possible additional loan.
    You may be granted an additional loan when the interest-subsidised loan is not enough for the home purchase.
  • The interest on the interest-subsidised ASP loan is lower than on corresponding new housing loans.
  • If the loan interest rate rises over 3.8%, the state pays part of the loan interest as interest subsidy during the first ten loan years.
  • The home you are intending to buy must be located in Finland.

The maximum amount of interest-subsidised loans when a deal has been concluded or construction has been started on or after 1 November 2014:

  • Helsinki 180,000 euros
  • Espoo, Vantaa and Kauniainen 145,000 euros
  • Other municipalities 115,000 euros

  • In addition to an annual 1% tax-free deposit interest, Nordea pays 4% additional interest on an ASP account for the account opening year and the next five years as of 1 September 2009. 

  • The interest rate on a housing loan comprises a reference rate and a margin.
  • There are two different methods for repaying a housing loan: equal payments and equal instalments.
    The repayment method will affect the interest expenses accruing during the loan period.
  • See which of the repayment methods is suitable for you.
  • You can test the impact of the repayment methods on the repayment amount with the loan calculator (in Finnish).
Consumer Credit Information

Standard European Consumer Credit Information

To make comparing easier, the applicant has the right to receive the key information on the credit on a Standard European Consumer Credit Information form before signing the credit agreement. The information on the form may be calculated with the details given by the customer or on typical values. The form on this page is calculated with typical values, which means that a typical euro amount for this credit type is applied.

The information on the form may be binding or unbinding on the lender. A binding form requires a positive credit decision.  

Standard European Consumer Credit Information (pdf, 219 KB)Opens new window

Prices
Optional reference rates for housing loans and secured consumer credit 
Nordea Prime 
Euribor 12 months  
Fixed rates for 3, 5, 10 and 15 years (quoted on the drawdown date)
The potential reference rates of an ASP loan
Nordea Prime 
Euribor 12 months  
Most common prices for housing loans and secured consumer credits for Key Customer
ItemisationPrice
Arrangement fee *)0,4 %; 300 € minimum
Increased arrangement fee when a loan is secured by a third-party pledge or a guarantee

 *The increase does not apply to interest-subsidised ASP loans

100,00 €
Partial drawdown30,00 €
Automatic debiting of loan payments2,30 €
FlexiPayment for a new housing loan0,00 €
FlexiPayment for an existing housing loan

A fee in accordance with the tariff is charged for the automatic debit of a loan payment.

0,00 €
Advance notice of loan debiting by letter or through Netbank0,00 €
Loan payment, paper invoice6,00 €
Payment reminder to borrower, guarantor or third-party pledger (per reminder)5,00 €
Change in repayment schedule200,00 €
Change of the due date or loan servicing account (Minor change of the repayment schedule)40,00 €
Change of borrower200,00 €
Change of the applied interest or margin200,00 €
Obtaining a guarantor’s or pledge owner’s consent to amend the loan terms, such as the repayment schedule or reference rate35,00 €
Transfer of a loan to another bank upon customer’s request. Charged to the receiving bank. Does not apply to loans intermediated from government funds.120,00 €
Premature repayment of a loan and change of reference rate for loans drawn down on or after 1 December 2010Further information
Premature repayment of a loan and change of reference rate for loans drawn down between 1 January 1994 and 30 November 2010Further information
Early closure fee charged on fixed-interest loans drawn down from KOP bank prior to 8 March 1991Further information
Early closure fee charged on fixed interest loans drawn down from KOP bank between 8 March 1991 and 1 January 1994Further information
Early closure fee charged on loans other than fixed interest loans drawn down from KOP bank prior to 1 January 1994Further information
Early closure fee charged on loans drawn down from SSP bank prior to 1 January 1994Further information

Other prices related to loans and credit 

Prices related to security for loans 

*) Arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan.

Optional reference rates for housing loans and secured consumer credit 
Nordea Prime 
Euribor 12 months  
Fixed rates for 3, 5, 10 and 15 years (quoted on the drawdown date)
The potential reference rates of an ASP loan
Nordea Prime 
Euribor 12 months  
Most common prices for housing loans and secured consumer credits for Preferred Customers
ItemisationPrice
Arrangement fee *)0,4 %; 300 € minimum
Increased arrangement fee when a loan is secured by a third-party pledge or a guarantee

 *The increase does not apply to interest-subsidised ASP loans

100,00 €
Partial drawdown30,00 €
Automatic debiting of loan payments2,30 €
FlexiPayment for a new housing loan0,00 €
FlexiPayment for an existing housing loan

A fee in accordance with the tariff is charged for the automatic debit of a loan payment.

0,00 €
Advance notice of loan debiting by letter or through Netbank0,00 €
Loan payment, paper invoice6,00 €
Payment reminder to borrower, guarantor or third-party pledger (per reminder)5,00 €

Change in repayment schedule

- Limited offer from 17 February until 30 June 2015: Instalment-free period for a housing loan (max 12 months) EUR 0.00

200,00 € 
Change of the due date or loan servicing account (Minor change of the repayment schedule)40,00 €
Change of borrower200,00 €
Change of the applied interest or margin200,00 €
Obtaining a guarantor’s or pledge owner’s consent to amend the loan terms, such as the repayment schedule or reference rate35,00 €
Transfer of a loan to another bank upon customer’s request. Charged to the receiving bank. Does not apply to loans intermediated from government funds.120,00 €
Premature repayment of a loan and change of reference rate for loans drawn down on or after 1 December 2010Further information
Premature repayment of a loan and change of reference rate for loans drawn down between 1 January 1994 and 30 November 2010Further information
Early closure fee charged on fixed-interest loans drawn down from KOP bank prior to 8 March 1991Further information
Early closure fee charged on fixed interest loans drawn down from KOP bank between 8 March 1991 and 1 January 1994Further information
Early closure fee charged on loans other than fixed interest loans drawn down from KOP bank prior to 1 January 1994Further information
Early closure fee charged on loans drawn down from SSP bank prior to 1 January 1994Further information

Other prices related to loans and credit 

Prices related to security for loans

*) Arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan.

Optional reference rates for housing loans and secured consumer credit 
Nordea Prime 
Euribor 12 months  
Fixed rates for 3, 5, 10 and 15 years (quoted on the drawdown date)
The potential reference rates of an ASP loan 
Nordea Prime 
Euribor 12 months
Most common prices for housing loans and secured consumer credits for Check-in
ItemisationPrice
Arrangement fee *)200 €
Increased arrangement fee when a loan is secured by a third-party pledge or a guarantee 

 *The increase does not apply to interest-subsidised ASP loans

100,00 €
Partial drawdown30,00 €
Automatic debiting of loan payments2,30 €
FlexiPayment for a new housing loan0,00 €
FlexiPayment for an existing housing loan 

A fee in accordance with the tariff is charged for the automatic debit of a loan payment.

0,00 €
Advance notice of loan debiting by letter or through Netbank0,00 €
Loan payment, paper invoice6,00 €
Payment reminder to borrower, guarantor or third-party pledger (per reminder)5,00 €

Change in repayment schedule

- Limited offer from 17 February until 30 June 2015: Instalment-free period for a housing loan (max 12 months) EUR 0.00

200,00 €  
Change of the due date or loan servicing account (Minor change of the repayment schedule)40,00 €
Change of borrower200,00 €
Change of the applied interest or margin200,00 €
Obtaining a guarantor’s or pledge owner’s consent to amend the loan terms, such as the repayment schedule or reference rate35,00 €
Transfer of a loan to another bank upon customer’s request. Charged to the receiving bank. Does not apply to loans intermediated from government funds.120,00 €
Premature repayment of a loan and change of reference rate for loans drawn down on or after 1 December 2010Further information
Premature repayment of a loan and change of reference rate for loans drawn down between 1 January 1994 and 30 November 2010Further information
Early closure fee charged on fixed-interest loans drawn down from KOP bank prior to 8 March 1991Further information
Early closure fee charged on fixed interest loans drawn down from KOP bank between 8 March 1991 and 1 January 1994Further information
Early closure fee charged on loans other than fixed interest loans drawn down from KOP bank prior to 1 January 1994Further information
Early closure fee charged on loans drawn down from SSP bank prior to 1 January 1994Further information

Other prices related to loans and credit 

Prices related to security for loans

*) Arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan. 

Optional reference rates for housing loans and secured consumer credit 
Nordea Prime 
Euribor 12 months  
Fixed rates for 3, 5, 10 and 15 years (quoted on the drawdown date)
The potential reference rates of an ASP loan 
Nordea Prime 
Euribor 12 months
Most common prices for housing loans and secured consumer credits
ItemisationPrice
Arrangement fee *)0,4 %; 300 € minimum
Increased arrangement fee when a loan is secured by a third-party pledge or a guarantee 

 *The increase does not apply to interest-subsidised ASP loans

100,00 €
Partial drawdown30,00 €
Automatic debiting of loan payments2,30 €
FlexiPayment for a new housing loan0,00 €
FlexiPayment for an existing housing loan 

A fee in accordance with the tariff is charged for the automatic debit of a loan payment.

0,00 €
Advance notice of loan debiting by letter or through Netbank0,00 €
Loan payment, paper invoice6,00 €
Payment reminder to borrower, guarantor or third-party pledger (per reminder)5,00 €

Change in repayment schedule

- Limited offer from 17 February until 30 June 2015: Instalment-free period for a housing loan (max 12 months) EUR 0.00

200,00 €  
Change of the due date or loan servicing account (Minor change of the repayment schedule)40,00 €
Change of borrower200,00 €
Change of the applied interest or margin200,00 €
Obtaining a guarantor’s or pledge owner’s consent to amend the loan terms, such as the repayment schedule or reference rate35,00 €
Transfer of a loan to another bank upon customer’s request. Charged to the receiving bank. Does not apply to loans intermediated from government funds.120,00 €
Premature repayment of a loan and change of reference rate for loans drawn down on or after 1 December 2010Further information
Premature repayment of a loan and change of reference rate for loans drawn down between 1 January 1994 and 30 November 2010Further information
Early closure fee charged on fixed-interest loans drawn down from KOP bank prior to 8 March 1991Further information
Early closure fee charged on fixed interest loans drawn down from KOP bank between 8 March 1991 and 1 January 1994Further information
Early closure fee charged on loans other than fixed interest loans drawn down from KOP bank prior to 1 January 1994Further information
Early closure fee charged on loans drawn down from SSP bank prior to 1 January 1994Further information 

Other prices related to loans and credit

Prices related to security for loans

*) Arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan. 

Terms and conditions

Advice on housing

Man sitting thinking by house 

Interest rate hedging makes life secure

With the right interest hedging products, you can protect your finances even when market interest rates change drastically.

Woman looking out of window 

Two alternatives

FlexiPayment gives you leeway for your monthly loan repayment. Another alternative is to extend your instalment-free period. See which one suits you better.