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 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 15 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

  • The bank grants you an ASP loan for acquisition of your first home.
  • An ASP loan can also be used for building your own house or buying a home that is still under construction (RS flat).
  • An interest-subsidized loan has a maximum limit depending on your locality (see Features).
  • The home serves as security for the loan up to 75 % of the purchase price and in addition, you can obtain a free of charge State guarantee up to 90 % of the purchase price of the home. If you need a loan exceeding the amount of the interest -subsidized loan, the State guarantee will subject to a fee with regard to additional loan.
  • 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. 

You may be granted ASP loan after you have saved for a minimum period of eight quarter and the deposit in each quarter has been between 150 and 3,000 euros. The maximum ASP loan is 9 times your ASP savings, but no more than 90 % of purchase price of your home. In addition, the municipality where the home is located  affects the amount of the interest-subsidised ASP-loan.

Example: You take out a loan of 170,0000 euros. The loan period is 25 years and interest rate is 1.3 %. The APR is 1.4 % and includes an opening fee of 600 euros and monthly fee of 2.30 euros for automatic debiting of loan payments. The number of payments is 300. The total amount of loan plus credit costs is 201.016 euros. The monthly payment ( annuity) is 668 euros. 

If you are buying a property, you must take into account the registration of title and mortgage costs and the costs charged by the National Land Survey of Finland. In the case of property, you will also need fire insurance. Pricelist.Opens new window

  • 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).

Consumers are not granted loans in any other currency than euro.

A housing loan is considered to be currency credit if the loan is granted in a foreign currency other than that of the EU Members State or the state of belonging to the European Economic Area where the consumer resides. Furthermore, a housing loan is considered to be foreign currency credit if the consumer receives his or her income in another currency of a state of the European Economic Area or in currency of a state of European Economic Area.

A foreign exchange risk occurs when the borrower's income or assets to be used to repay the credit are not in the same currency as the credit or the credit is not in the currency of borrower's country of residence. A foreign exchange risk refers to the change in price of one currency in relation to another. During the loan period, the value of the credit or the monthly payment may increase in relation to the borrower's income or assets or the currency of the borrower's country of residence. If the foreign currency of the borrower's country of residence, income or assets falls by 20 per cent in relation to the euro, the borrower receives a warning that the borrower's loan amount will increase in borrower's national currency.

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