ASP loan

Open an ASP account and start saving for acquisition of your first home. After you have saved for a minimum period of eight quarters and saved 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 for a 10 year period.

ASP account

  • You can start saving regularly for your first home by opening an ASP Account. The precondition for opening an ASP Account is that you are between 15 and 39 years of age. Persons between 15 and 17 years of age may only deposit income from work.
  • 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.
  • When you save in an ASP Account together with your cohabitant, both of you must be under 40 years of age. In the case of a marital spouse, he or she may be over 40.  
  • The first deposit must be at least 150 euros.
  • With an ASP account, you make quarterly deposits of 150–3,000 euros. 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.

Terms and conditions of an ASP loan

  • Nordea grants you an ASP loan for the acquisition of your first home.
  • You must have saved 10% of the purchase price of the home. We will lend you the remaining 90% of the purchase price. The loan can consist of an interest-subsidised ASP loan and a supplementary loan.
  • The amount of an interest-subsidised ASP loan to be granted to you is 9 times the ASP savings if the loan amount calculated in this way will not exceed the maximum limit depending on your locality (see the section ASP loan features below).
  • The home serves as security for the loan up to 75% of the purchase price.
  • You can obtain a free of charge state guarantee up to 90% of the purchase price of the home. The state guarantee will be subject to a fee with regard to a supplementary loan.
  • You cannot take an ASP loan for buying a lot or a right-of-occupancy flat. In the case of a partially owned flat, you must own at least 50% of the shares.
  • The loan period is 10 to 25 years.
  • Customers under 18 years of age may not draw down an ASP loan.
  • You meet the normal credit-granting criteria when taking out the loan.

ASP loan features

  • The loan can consist of an interest-subsidised ASP loan and a supplementary loan.
  • You will need a supplementary ASP loan when the interest-subsidised ASP loan alone 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 precondition for the ASP loan is that the home to be purchased is located in Finland.

Maximum amounts of interest-subsidised loans

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

Example of an ASP loan and annual percentage rate of charge (APR)

You must have saved 10% of the purchase price of the home.

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Repayment methods

There are three different methods for repaying a housing loan: equal payments, equal instalments and fixed equal payments.

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Asuntolainan valtiontakaus

Ensiasunnon ostaja voi saada valtiontakauksen ASP-korkotukilainaan 90 prosenttiin asti. Huomion arvoista on, että valtiontakaus ei koske ASP-lisälainan osuutta.

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Most common prices for housing loans

Arrangement fee *0,4 %; 300 € minimum
Arrangement fee, Check-in Customer *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 a loan payment / per withdraw2,30 €
FlexiPayment for a housing loan. Including in FlexiPayment to an existing housing loan always requires automatic debiting of loan payments, which is subject to a fee in accordance with the bank's tariff.0,00 €
Advance notice of loan debiting by letter or through Netbank0,00 €
Loan payment, paper invoice, from 1.9.2019 4,10€6,00 €
Payment reminder to borrower, guarantor or third-party pledger (per reminder)5,00 €

Change in repayment schedule

200,00 €  
Change of the due date or loan servicing account (Minor change of the repayment schedule)40,00 €
Change of debtor or one of the debtors assumes liability for the loan alone**200,00 €
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**120,00 €
When a credit document is sent to another bank for getting a guarantee or a signature, the debtor is charged, per sending. Does not apply to loans intermediated from government funds. 30,00 €
Certificates requested by the customer stating the amount of debt and paid interest (incl. postage)10,00 €
*) Arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan. 
**) Does not apply to loans intermediated from government funds.
Foreign currency credit

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