Bank loans

What the banks page compares

This page compares consumer and business loans from banks and the Finnish branches of foreign banks. It includes Finnish banks as well as branches of foreign credit institutions and banks serving Finland across the border. Each lender’s price is the figure it publishes itself, and for Euribor-linked loans the total rate is computed from today’s Euribor plus the bank’s margin.

We currently track 27 lenders and 69 products, of which 34 have a published rate (status 07/10/2026). More detailed figures are in the market report and rate changes in the market watch.

Banks in numbers

The table shows the bank product categories, the number of products and lenders and the range of published rates. The median describes a typical price better than the mean because a single outlier does not distort it. Order: categories by number of products; data as of 07/10/2026.

Lenders by group

Below are the lenders of this page by type. Each name leads to a profile page with products, price and supervision details.

Bank (8)

• Aktia – 4 products
• Ålandsbanken – 3 products
• Alisa Pankki – 1 product
• Nordea – 3 products
• OP – 10 products
• POP Pankki – 3 products
• S-Pankki – 3 products
• Säästöpankki – 7 products

Bank branch (12)

• Bigbank – 1 product
• Brocc – 1 product
• Danske Bank – 3 products
• Handelsbanken – 2 products
• Ikano Bank – 1 product
• Norion Bank – 2 products
• Northmill – 1 product
• Qred – 1 product
• Resurs Bank – 2 products
• Saldo Bank (Vippi) – 2 products
• Svea Bank – 6 products
• TF Bank – 2 products

Foreign bank (7)

• Bank Norwegian – 2 products
• Bluestep Bank – 1 product
• Ferratum Bank – 2 products
• Instabank – 3 products
• Lea Bank – 1 product
• Morrow Bank – 1 product
• re:member – 1 product

How this group differs from the others

A bank is a credit institution funded mainly by deposits and market funding. It is supervised by Finanssivalvonta, and a bank customer often already has a relationship that can affect both the application and the price. Bank loans are typically cheaper than finance-company loans, but the application process and credit requirements are usually stricter. Banks often price loans as a reference rate (Euribor) plus a margin, so the monthly payment can change with the rate.

Compare the other groups too: banks, finance companies and others and business loans. The full list is on the all lenders page.

Product types

• Consumer loan: 21 products, 17 lenders, median rate 8.77%.
• Mortgage: 10 products, 10 lenders, median rate 3.78%.
• Flexible credit line: 6 products, 6 lenders, median rate 13.61%.
• Student loan: 6 products, 6 lenders, no prices published.
• Business loan: 6 products, 6 lenders, no prices published.
• Debt consolidation loan: 4 products, 4 lenders, median rate 8.99%.
• Car loan: 4 products, 4 lenders, median rate 6.18%.
• Credit card: 4 products, 4 lenders, median rate 16.70%.
• Quick loan: 2 products, 2 lenders, median rate 12.70%.
• Renovation loan: 2 products, 2 lenders, median rate 6.18%.
• Invoice financing: 2 products, 2 lenders, no prices published.
• Business credit line: 1 products, 1 lenders, median rate 12.00%.
• Leasing: 1 products, 1 lenders, no prices published.

How to compare

1. Choose the product category and decide the amount and term; test the payment in the calculator.
2. Compare the annual percentage rate (APR), or the total cost for business finance, not only the nominal rate.
3. See whether the price is published or negotiable, and check the lender’s supervision or registration.
4. Ask your chosen lenders for their own pre-contract information and compare it side by side.
5. Apply directly with the lender: Haeluotto does not process applications or make credit decisions.

Pros and limits

Advantages

• Published margins and more transparency on large loans.
• A bank is a credit institution supervised by Finanssivalvonta.
• The price is typically lower than at finance companies.
• Several products can be combined with one bank.

Limits

• Stricter process and criteria, and the decision can take time.
• The payment on a Euribor-linked loan can rise.
• Many banks do not publish a personal rate before the application.

Who this group suits

A bank loan suits a larger amount over a longer term when your credit record is clean and you want a low price. It suits less if you need a small amount quickly or your credit record is weak: stricter bank criteria often stop the decision.

If you are unsure, start with the calculator and compare two or three lenders. More on product types is on the category pages: consumer loan, mortgage, flexible credit line, student loan and business loan.

Supervision and regulation

Banks are credit institutions and are supervised by Finanssivalvonta. The price of consumer credit is limited by a rate cap and a cap on other costs (Finnish Competition and Consumer Authority). You can check a registered lender in the Finanssivalvonta register of supervised entities and read more about price limits at the Finnish Competition and Consumer Authority. A consumer has a 14-day right of withdrawal and may repay early.

If an application is rejected

A refusal does not mean every lender will refuse, but a burst of applications does not help. Ask for the reasons, check your credit record and the positive credit register data, and consider whether a smaller amount or a longer term is realistic. Do not apply everywhere at once. If you already have payment difficulties, contact debt counselling before taking new credit. Other options are on the lender list.

Common mistakes when comparing

• Comparing only the monthly payment: a longer term lowers the payment but raises interest costs.
• Comparing the nominal rate although opening and monthly fees raise the real annual percentage rate.
• Assuming the published starting rate is your own rate: the final rate depends on the applicant.
• Applying to several lenders in a hurry without comparing.
• Forgetting rate risk on a Euribor-linked loan.
• Not checking whether the lender is registered or supervised.

The calculation method and sources are described on the methodology page, and the monthly payment can be checked in the calculator.

Where the data comes from and how it updates

Figures are collected automatically from lenders’ own public pages and checked every night. If a page does not respond we keep the previous value and do not replace it with a guess. Rate changes are logged in the market watch and the method is described on the methodology page. Haeluotto receives no commission from lenders for listing, and commercial relationships do not affect the order.