Tag: Loans
Finnish students are worried about getting into debt: "I have fallen off the property ladder"
Young adults are facing financial hardship from their student loans due to rising interest rates and the cost of living.
Pay and cry
Jacek Kowalik is a 34-year-old from Poland who decided to settle in Iceland five years ago. Due to the difficult situation on the rental market, last September he and his wife bought an apartment in an apartment building in Breiðholt. They had to take out two loans for an apartment, both with variable indexing. Initially, […]
Should you refinance your loans?
Many people today have mortgages and car loans, and perhaps even credit cards that they use now and then, for example when traveling or when something needs to be replaced in the home, for example when the TV breaks down. Loans, for example, can help many people enter the housing market and start their financial […]
Time bomb under the Danish housing market, EU report warns
ONE EU report claims that the Danish housing situation is in a “critical” situation, which already makes life particularly difficult for low-income families living in urban areas such as Copenhagen. In a chapter called ‘Make the housing market more resilient’, part of a working paper from the EU Commission, where the economies of all 27 […]
The difficult indebtedness of young adults requires new measures to prevent problems
The causes and consequences of getting into debt are different, but debt problems can be prevented by directing early help and support to children, young people and their parents. The worrisome trend in Finnish household indebtedness will continue from 2019. Intrum analyzes the debt development of Finns over the last four years (2019-2022). Last year’s […]
Difficulties in getting a loan for the necessary pipe repairs in some housing associations – a significant social problem
This is especially true for buildings in areas with negative migration. The report reveals that about 9% of professional property managers surveyed said they were unable to complete renovations due to financial difficulties. In addition, 9% of respondents reported that some of the apartment buildings where their customers live require regular closings of the building. […]
Housing prices in Finland fell by 5.8% in March, boosted by a 6.6% drop in large cities
Apartment prices fell the most in Vantaa, by 8.6 percent and in Tampere by 7.6 percent. In Turku, on the other hand, prices fell the least, only 2.4 percent from the previous year. Anu RämöA senior statistician at Statistics Finland, pointed out that the price development is in line with what was seen in January-February: […]
What you should know before you buy a car in Denmark
Buying a car in Denmark can be a good way to get around, but there are some important things to consider before you take the plunge. First, you should research the different types of cars available and decide which one best suits your needs. You’ll also want to make sure you have a valid driver’s […]
The growth of Finnish student loans will slow down in 2022
Several factors have influenced the increase in the number of student loan borrowers in recent years. These include the changing nature of the student aid system, which has become more loan-centric, and incentives such as student loan relief, a low-interest environment and promising employment opportunities for graduates. However, changes in the economy and the labor […]
High interest rates can weaken the economy more than expected, warns the Bank of Finland
Loans taken out at low interest rates “may turn out to be too large, even though the household’s financial situation should be sufficient to take care of repayments,” says the central bank’s deputy governor.
Apple launches “Apple Pay Later” in the US
CUPERTINO, Calif.: In a move aimed at disrupting the fintech sector dominated by Affirm Holdings and Sweden’s Klarna, Apple this week launched its “buy now, pay later” (BNPL) service in the US, branded Apple Pay Later. The company said Apple Pay Later will initially be offered to select users, before its full rollout in the […]
Home loans were at their lowest level in 20 years
The last time such few mortgages were taken out was in 2003, said the Bank of Finland.
Housing prices in Finland continued to fall in February
However, compared to January, prices nationwide rose by 1.2 percent. Pasi KuoppamäkiDanske Bank’s chief economist, reminded in a tweet that the real estate market tends to pick up in the spring, which explains the moderate monthly increase in prices and volumes. “Compared to last year, activity is still subdued and consumers have very few purchase […]
Understanding loans and making informed decisions
When applying for a loan, you should be aware of several factors, such as your credit score, as it can significantly affect the eligible interest rate. You can make the application yourself or use an intermediary. When you apply via the online service, e.g As an axolotlthe consumer skips many steps, such as having to […]
Help for buyers of the first property
The Minister of Infrastructure promises to increase the focus on co-operative loans and the development of universal affordable housing to facilitate entry into the housing market for low-income and first-time buyers. Actions taken by the Central Bank last summer to cool down the housing market have had an effect. Flats take longer to sell and […]
He wants changes in the tax system
The president of ASÍ says the government should intervene because of the rate hikes and help the public. There are examples of mortgage payments that have increased by ISK 100,000 in the last year. Interest rate hikes have put a heavy strain on people with unindexed floating-rate loans. Magnús Sigurjón Olsen Guðmundsson, who tweeted that […]
Most common mistakes that give you high interest
Alexander Norén: Don’t give up until you’ve driven three laps towards the bank SVT’s economic commentator Alexander Norén and Nordnet’s savings economist Frida Bratt share their best tricks for negotiating down the interest rate. They explain why the banks’ recommendation to bind parts of the mortgage is a real trap – and how bad it […]
Finland can support interest subsidies for thousands of first-time home buyers
The state supports 70 percent of the interest costs of ASP loans that exceed 3.8 percent.
Factors to consider when choosing a lender for your personal loan needs
Different lenders may offer different interest rates based on your credit score or other factors such as collateral or cosigner status. Check Rahalaitos.fi compare loan offers and get the best interest rate for your personal loan. Shopping around can help you find the best personal loan offer that meets your needs. Comparison of different personal […]
How can cryptocurrency be used in the future?
Cryptocurrency has been one of the fastest growing technologies in recent years, and many experts predict that this is just the beginning of how cryptocurrency can be used in the future. While most people continue to think of cryptocurrency as an investment opportunity, the true value of the technology has barely begun to emerge. In […]
Statistics Finland: Inflation slowed to 8.4 percent in January
However, the price of electricity remained the main factors of inflation, along with diesel prices and interest rates on both mortgages and consumer loans. In contrast, the factors that slowed down inflation were the fall in the prices of detached houses and the fall in the prices of prescription drugs. The publication of the inflation […]
Banks raise unindexed interest rates
Three large commercial banks, Arion Banks, Íslandsbanki and Landsbankinn, have announced interest rate hikes. Unindexed interest rates increase by 0.5 percentage points on most loans, and the same applies to deposit rates. The hike follows a 0.5 percentage point hike in key interest rates last week. For new unindexed home loans at Landsbankinn, the interest […]
Banks raise interest rates on non-indexed loans
Three large commercial banks, Arion Banks, Íslandsbanki and Landsbankinn, have announced increases in lending rates. Unindexed interest rates increase by 0.5 percentage points on most loans, and the same applies to deposit rates. The hike follows a 0.5 percentage point hike in key interest rates last week. For new unindexed home loans at Landsbankinn, the […]
The Internet and its many opportunities to get a loan
The Internet has revolutionized how we do business, and it has especially changed how people borrow money. Today, there are a number of services available online that allow people to secure loans regardless of their credit score or personal circumstances. One method that has gained popularity over the past few years is finding ways to […]
In 2023, the annual payments of undrawn government-subsidized loans – with the aim of alleviating cost pressures related to housing
The annual payments for state-subsidized loans taken out for the construction, purchase or renovation of rental and right-of-occupancy housing depend on the change in the consumer price index of July of the previous year. The fluctuations of the consumer price index have been quite moderate in recent years: in July of 2015 and 2021, the […]
The European Union is working to increase economic and security ties in the Pacific
WELLINGTON, New Zealand: During his visit to New Zealand, Ambassador Sujiro Seam, head of the European Union Delegation for the Pacific, said the European Union is working to increase its presence in the Pacific through economic ties and new security commitments in the area. The EU’s push comes as major powers compete for influence in […]
Student loans for the fall semester can be withdrawn from August 1
Kela has sent the decisions on granting student loan guarantees for the coming academic year to 109,150 recipients of support and 1,200 recipients of adult education support. A decision on the loan guarantee will be sent to a student who has a support application, notification of change of circumstances or other pending matter when the […]
The nurses union files a report with the police about unpaid wages
The social and health trade union Tehy has filed a criminal complaint with the police regarding unpaid wages to members of the City of Helsinki. The trade union stated in its press release that the salary problems have continued for months and have affected several thousand employees in the capital region. A particular problem has […]
The city’s employees suffer from major wage disturbances in Vantaa, Helsinki
Since the payroll system update, there have been serious shortcomings in the salaries of employees in both the cities of Helsinki and neighboring Vantaa, and some of the IT problems have continued since April. Although it is difficult to estimate the exact number of victims, the City of Helsinki’s financial administration reported about 7,000 countless […]
YLE: Many real estate investors are taking a break in Finland
“In the old world, tenants took the apartment they happened to get. Now tenants can look at several apartments and choose the one that suits them best; The landlord has to do more work to rent out his apartment. ” Joonas Oravaan investor in several real estate portfolios, YLE summed up on Thursday. Finnish Broadcasting […]
Student loans rise to record levels
In Finland, although tuition is free and study scholarships are granted by the government, many students still opt for student loans to cover extra living expenses. The total value of state-guaranteed student loans rose to about 5.5 billion euros in April, according to the Bank of Finland’s own statistics. Markus Aaltonenan Economist from the Bank […]
Helsinki is the second most popular city to live in
Regardless of the reason for the move, some things need to be considered in advance. Depending on where you move, Helsinki can be a significant change to your habit, which can be seen in many ways. In relocation cases, it is common to look at different financing options. In that case, it is important to […]
HS: Movement Now owes the party’s founding company EUR 830,000
The amount of debt borne by the Movement Now party is almost 830,000 euros, the majority of which are loans from the party leader Harry "Hjallis" Harkimon company, Hjallis Promotion, according to the newspaper Helsingin sanomat newspaper. Harkimo, who is also the founder of the party, acknowledged that the party would not otherwise have been […]
Explanation: Many Finns have not prepared for interest rate hikes on housing companies’ loans
Nearly three-quarters (73%) of respondents with a personal mortgage said they were prepared for an increase in interest rates. Maiju HinnoNordea’s Senior Vice President, Housing, expressed concern about the results, especially due to the recent rise in interest rates. “A housing loan is comparable to a corporate loan, so its terms and flexibility are much […]
Do you want to take out a loan in Denmark, and what is a consumer loan? Everything you need to know about borrowing money in Smørrebrød’s country
If you are starting to get used to everyday life in Copenhagen, and the first excitement of arriving in this unique city begins to be overshadowed by everyday routines, you are not alone. This is a point that everyone hits in the end and is a natural part of being an expat. But with this, […]
The scam industry – Eva can not pay back
– I thought that maybe I could get a better pension. I’m 62 years old, I’m turning 63, so I thought it could… I understand that I’ll be such a poor pensioner anyway, because I have not worked one hundred percent, I have been home with children and been single. So then I thought maybe […]
The number of Finns with defaults continues to decline gradually
“There are still a lot of defaults, but fortunately the trend seems to be moving in the right direction. The comprehensive utilization of positive credit information in credit decisions and the future shortening of the recording times for defaulted payments are likely to strengthen the downward trend, ”estimates the Communications Manager. Ville Kauppi About customer […]
The Finnish supervisory authority keeps the mortgage ceiling at 85 per cent
The government said it was refining its recommendation that lenders exercise restraint in relation to the borrower’s income when granting large and longer-than-usual loans in the second quarter. “Borrowers should estimate the amount of credit to be granted so that the applicant will be able to repay its debt even if interest rates on loans […]
OP: Finnish borrowers are increasingly interested in managing interest rate risks
The Finnish financial group revealed that the euro-denominated share of new mortgages hedged against interest rate increases – most often at the interest rate cap – rose by 55 per cent year-on-year in February. New mortgage loans accounted for 41 per cent, which is well over 30 per cent of the total mortgage portfolio. According […]
Finland expects climate action from agriculture
The Finnish government is seeking to cut emissions from agriculture as it competes towards one of the world’s most ambitious climate goals. Reducing methane in livestock and farming is a key part of the strategy, while the national emissions trading scheme aims to reduce emissions from transport. Minister of the Environment Emma Kari (Green) announced […]
Consumer loans on the day, is it possible?
When it comes to consumer loans and other unsecured loans, there are many options. It is possible to get a consumer loan on the day – but the money will not stand on account the same day. What is a consumer loan? A consumer loan is a flexible loan without security, where the banks do […]
The Russian Helsinki shipyard can cost taxpayers millions
Financial difficulties at the Russian-owned Arctech shipyard in Helsinki could lead to losses of millions of euros, raising the tab for a Finnish taxpayer. The Finnish state finance company Finnvera has guaranteed loans of more than EUR 200 million to finance the construction of two cruise ships at the shipyard. The plant has been wholly […]
The IMF approves $ 1.4 billion in crisis financing for Ukraine
Washington [US]March 10 (ANI): The International Monetary Fund has approved $ 1.4 billion in emergency funding for Ukraine in the midst of the ongoing war with Russia, the fund said in a statement. “The International Monetary Fund (IMF)’s Executive Board today approved a $ 1.4 billion (SDR 1,005.9 million) payment under the Rapid Financing Instrument […]
When is the best time to take out a loan?
Let’s be honest here, not everyone has a savings account or pocket money that they can rely on when something unexpected happens. Sometimes you need money as quickly as possible, but you do not have many options at your disposal. Such situations can force you to take out a loan. You can always go to […]
Financing Your Business (Adventure) Adventure: A Brief Guide to Women Entrepreneurs
Being a lady and being a boss at the same time sometimes sounds like an impossible mission. But if you ask any female entrepreneur what their regret is – the answer would always be the same. And it does not start earlier. There is always doubt about how things end, are your ideas really good […]
Running a start-up company in Denmark can be challenging: Inquiries about business loans
Running a small business in Denmark or running a start-up business can sometimes be challenging. Not all first-time business people can get a good understanding of the management of their personal credit rates, as the start-up corporate rates will only be visible after six months (at least). At that point, many business owners begin to […]
Housing prices in Finland rose sharply in 2021, says OP
Although prices rose sharply, especially in large cities, the increases were exceptionally wide-ranging and affected both single-family homes and condominiums. OP Financial Group’s economists revealed in their market overview that they expect house prices to rise by 2.5 per cent from the previous year in 2022. However, the rise is expected to slow to 1.5 […]
Dealing with financial concerns
Financial worries are widespread globally, and nearly half of Americans live paycheck to paycheck. If you are reading this and wondering if you are one of them, our guess is: yes, and it may be for several reasons. Maybe your income no longer covers your expenses, or they have never really done so. Maybe you […]
The government is proposing three major changes to make it easier for first-time buyers to buy
Next year, Finland could receive more help for the first buyer if the changes planned by the government to the state-supported ASP mortgage loan system materialize. If implemented, the reform will open with state support ASP mortgage to more people and they can borrow more money. The changes went into negotiation on Friday. The ASP […]
Several types of loans on the Norwegian market
Borrowing money is something that more and more people are using, so it is no surprise that there are therefore more ways to borrow. Because where demand rises, supply often rises as well. Although this immediately sounds like a good thing, it is of course something that also offers challenges, and some of them should […]
Most Germans are in favor of postponing tuition fees
62.4 per cent of Germans are in favor of deferring tuition fees and only 26.3 per cent oppose them. With regard to regular tuition fees, 45.1 per cent oppose them and 44.0 per cent support them. These preferences are supported by people’s views on justice. Only a third of respondents believe that people from poorer […]
The number of defaults will decrease for the first time in 13 years
The number of defaulting consumers in Finland decreased last year for the first time since the figures provided by Asiakastieto, a financial data service company, in 2008. The data showed that at the end of 2021, there were a total of 389,300 people in insolvency pensions, which is about 2,900 less than 12 months earlier […]
Finns continued to take out mortgages briskly in November
The housing loan stock was almost EUR 107 billion, of which loans to be purchased were about EUR 8.5 billion. The average interest rate on loans was 0.76 per cent in November. The average interest rate on rental loans was 0.91 percent. The Bank of Finland emphasized that the average interest rate has risen slightly […]
Private debt in Finland is growing
Understanding economics is not always easy unless you are familiar with the subject and familiar with the terms and jargon. So here are some basics on the subject of private debt. What is private debt? Researching a topic online may yield many results with complex explanations, but simply put, private debt means debt that an […]
The popularity of high-interest consumer loans increased in Finland in October
The drawdown hit at the same time as the government’s temporary interest rate cap on consumer credit expired. The average interest rate on new unsecured consumer credit, excluding vehicle loans, thus rose by 0.55 percentage points from the previous month to 8.34%. The popularity of unsecured consumer loans grew, especially in non-bank institutions, whose average […]
Inflation exceeds 3% for the first time in almost ten years
In October, consumer prices rose by 3.2 per cent year-on-year, Statistics Finland said on Monday. It was 2.5 percent more than in September. Inflation was driven by higher energy and home improvement costs. The last time inflation was over three per cent in Finland at the beginning of 2012. In October, consumer prices were boosted […]
Basic things you need to know before applying for a home equity loan
No matter what industry you are in or what your financial situation is, you have definitely needed a personal loan at least once in your life. If you need one now but you do not have too much experience when it comes to this aspect of your financial plan, you have come to the right […]
2 types of loans that most people apply for in their life
It does not matter what you live on, if you are not a rich person, you have probably considered applying for a loan at least once in your life. This is quite understandable, people apply for a loan for many reasons. In most situations, they decide to do this when they want to buy something. […]
What effect do tenants rent?
Most people have heard of interest rates, especially if you have a sense of finance. The effect of tenants may differ from platform to platform, but the purpose behind the phenomenon is the same. You get from before rent on deposit, and on top of this there are landlords again. In technical terms, it is […]
Find out which type of loan is right for you
It may be easier than before to get a loan, and in step with this, there have also been several types of loans on the market. This is fine, but as a consumer it can be a little confusing sometimes and it is not always so easy to know which loan passes to the situation […]
Think Tank will remove SU for graduates
The future of the SU has regularly been up for debate. Business organizations and often blue politicians have regularly discussed whether it should be cut or whether part of the support could be converted into loans. Now there is renewed support for that idea. The think tank Arbejderbevægelsens Erhvervsråd (AE) proposes in Dagbladet Børsen that […]
Think tank will convert SU on master’s programs to loans
According to the think tank Arbejderbevægelsens Erhvervsråd (AE-rådet), students in master’s programs must not have SU in the same way as today. It writes Børsen. – What we are proposing is that the SU be converted to master’s programs for loans. – It can be an interest-free loan, and then you can use the money […]
Business Finland: Sponsor of Tampere Arena with secured loans, grants against wrongdoing
The Finnish technology company Uros has deliberately concealed the information and provided false information to secure millions of euros in R&D funding in the early 2010s, the state investment agency Business Finland has said. From 2011 to 2013, the company received almost EUR 5 million in loans and a grant of EUR 1.25 million from […]
Landsbankinn raises interest rates
Landsbankinn mortgage rates increase after the Central Bank’s interest rate hike on October 6. The floating rate for unindexed housing loans will increase by 0.20 percentage points, the fixed rate for unindexed housing loans for 36 months will increase by 0.15 percentage points and the fixed rate for unindexed housing loans for 60 months will […]
Loop in new book: Will cut in SU and wants regional showdown
In his new book, Lars Løkke Rasmussen presents a bit of a new policy, compared to when he was prime minister and chairman of the Liberal Party. It writes Politiken. Løkke has founded the party, the Moderates, and he writes in the book that gains that people have achieved through home sales must be made […]
The National Audit Office must calculate the price for rescuing the banks
The purpose at the time was to get the pension funds to sell foreign securities in favor of the Danish government bond, whereby currency was released to the banks that could not pay installments on foreign loans. The banking packages that were supposed to save and protect the banks during and after the financial crisis […]
Knowledge Center: The government’s general billions make a significant contribution
– It is crucial, because you can not do anything in the housing market without there being money in it, he says. The New Construction Fund’s money comes from the tenants themselves. The money will, among other things, remedy some of the problems that have made it difficult to build more public housing in Copenhagen. […]
Yle: The Farmers’ Union says agriculture is in crisis, requires government action
MTK demands that the government ensure the liquidity of farms and change the conditions related to the sale of agricultural products by changing the Finnish food market Act. According to the organization, many farms are having difficulty paying their debts and the future of agriculture is bleak as agricultural land ownership is under threat. Countries […]
YLE: Proposal would forgive student loans for people moving to less populated areas
He estimates that reimbursements for student loan repayments could be a way to attract doctors, psychologists and social care professionals out of population centers in less populated parts of the country. “It has become quite difficult to get many professionals critical to the welfare state to the countryside. It threatens our well-being promise — that […]
FACTS: The government wants to make it easier to borrow in rural areas
Here are five entries in the law catalog: * More money for the elderly and children: In October, the Welfare Act will be introduced. It must ensure that the money for welfare automatically follows when there are more children and the elderly. * Rural housing loans: In November, proposals will be made to make it […]
The EU Commission approves Finland’s EUR 2.1 billion Covid recovery plan
President of the European Commission on a short visit to Helsinki Ursula von der Leyen announced that the Commission has approved Finland’s strategy to use its share of the EU’s recovery and recovery plan (RRP), paving the way for the Nordic countries to receive around EUR 2.1 billion over the next couple of years. Finland’s […]
Terrorist accused friend rejects known truth behind loans
– I had to pick up some money, which I also get to say on the phone, says the 26-year-old in Copenhagen City Court, where he is accused of having plans to commit terrorism. The terror accused says that the friend came out of his home and gave him the 7000 kroner. But the friend […]
Finland welcomes the President of the European Commission and considers the financing of the green transition
President of the European Commission Ursula von der Leyen will visit Helsinki on Monday in connection with Finland’s EUR 2 billion Recovery and Survival Plan (RRP), which is part of the EU’s EUR 750 billion coronavirus recovery package, also known as the next generation EU. On Monday, von der Leyen and the Prime Minister Sanna […]
Friday magazines: Birds in trouble, masks in shops and payday loans
On Friday, Helsingin Sanomat will publish a new approach to environmental reporting and appoint a biodiversity correspondent. HS says the decision to create this role was made after readers overwhelmingly voted for this option in a public poll. The magazine also says it intends to pay special attention to environmental issues this autumn and launch […]
Broad parliamentary majority is phasing out corona aid packages
– We now live in a society without coronary restrictions. And this is of great importance to Danish companies, which have got the wheels going again most of the way. – Therefore, the government and a broad majority of the parliamentary parties will also insist on phasing out the vast majority of the aid packages […]
The maximum burden on the payment of the mortgage has been established
Due to rising property prices and rising household indebtedness, the Financial Stability Committee of the Central Bank of Iceland decided to set rules for the maximum debt service burden so that the mortgage debt ratio is generally limited to 35 percent and 40 percent for first time buyers. The debt burden ratio is calculated as […]
Pay down consumer loans and credit debt faster
This article is useful both for you who already have a consumer loan, and for you who are planning to take out and use a loan. Here you can learn what the rules are for repaying the loan. Use the knowledge to offer the interest costs. Limited repayment period on consumer loans Previously, you could […]
Supporting parties criticize the government for lack of housing intervention
Two of the government’s support parties have difficulty understanding why the government on Tuesday formally refused to make an intervention in the housing market. The finance rapporteurs from SF and the Unity List believe that the government’s lack of intervention will contribute to a more skewed housing market. – I think the government is pursuing […]
Economist sees no need for a housing intervention
It was the high speed and rising prices that led the council to propose that the possibility of a grace period for highly indebted borrowers be limited. And now the deadline is approaching for the government. By Wednesday, it must either follow the recommendation or explain why it will not happen. So far, the government […]
Economist sees robust housing market before deadline for loan intervention
By Wednesday, the government must either follow the recommendation or explain why it is not going to happen. So far, the government has rejected an intervention, and if you ask chief economist Jeppe Juul Borre, Arbejdernes Landsbank, there is no need for one either. The housing market has calmed down considerably more after the high […]
Police: 40 people are suspected of an exceptionally complex fraud operation
Helsinki police announced on Tuesday that more than 40 people are suspected of involvement in up to ten related scam operations, during which victims have been fraudulently estimated at 375,000 euros a year. A preliminary police investigation into six cases revealed that fraudsters stole hundreds of people’s banking and personal information using various variations. The […]
Think tank: The government’s unemployment benefit proposal will cost students dearly
It shows a calculation from the think tank Cevea. – It shows that 60 percent of the master’s students have a job next door and thus will go considerably more down in income than what we have heard from Jakob Ellemann-Jensen or the government’s calculations, says Cevea director Asbjørn Sonne Nørgaard. The graduate rate is […]
DI: Easier loan requirements avert series of bankruptcies
This is what Dansk Industri writes in a comment on the agreement, which was entered into on Thursday with a broad majority in the Folketing. – It is very important that an agreement has been reached that ensures that the hardest hit companies with government corona loans do not have to pay their debts here […]
Companies get several years to repay corona loans
A broad majority in the Folketing agrees to give the companies that have taken out loans from the state in the form of, among other things, deferred VAT, more time to pay them back. This is stated by the Ministry of Taxation. – The government wants to help the companies that may be in a […]
Complaints against banks’ decisions on interest rates
Consumer associations expect to file lawsuits against Arion Banki, Íslandsbanki and Landsbankinn in the coming weeks over non-transparent interest rate decisions. Over 1,100 borrowers want to take part in a class action. In spring this year, consumer associations launched a campaign to raise awareness of the alleged illegality of the terms and redemption of floating […]
Housing prices in Finland rose the fastest in a decade, Hypo says
“In the U.S., as many as two-thirds of buyers did not bid on houses earlier this year. In Finland, this has previously been the practice of investors, but now regular buyers have also joined the trigger-happy group, ”he described. Brotherus encouraged buyers to take the time to inspect the house, review the housing company documents, […]
Stop the chat savings and build a buffer
This is shown by a new survey carried out by the research organization YouGov for the bank Nordea. But instead, you should deposit a fixed amount in the savings account at the beginning of each month, and that amount must be tailored to your future plans and dreams, says Ida Marie Moesby, who is a […]
Are you applying for a consumer loan? Avoid the mistakes!
Although there are some banks that charge well for a consumer loan, there are also quite affordable options. A loan can actually get effective interest rates all the way down to 5% to 6%. Borrowing costs can also be reduced if you are disciplined and pay back quickly. Here you can read about the 3 […]
Trade unions: Fewer unemployment benefits do not get young people into jobs faster
This is how it sounds from the unions Djøf and DM. They both have academics as members, and people with long higher education fill a lot in the figures for new graduates on unemployment benefits, according to the Ministry of Employment. – I do not agree with that argument, says Henning Thiesen, chairman of Djøf, […]
SF will send nurses and police officers forward in the queue for housing
It is, for example, police officers, nurses and social workers who must have the opportunity to be offered public housing in the big city. – Housing prices are skyrocketing right now. Few people can afford to buy or rent a home in the big cities. If we want to have cities where it is not […]
Navigating the online loan market
The online loan market has escalated in the last 5 years, but many people still only get in touch with their own bank, when they consider taking a loan. But is that really the smartest thing to do? Your own bank is not always the cheapest There is absolutely no guarantee that your own bank […]
New low-emission transport financing opportunities announced by the Ministry of Transport
The Ministry of Transport and Communications will hold a discussion and briefing on funding opportunities on 30 August 2021. EU funds for the expansion of the distribution network for alternative transport fuels for road, rail, maritime and air transport will be provided under the Transport Program of the Connecting Europe Facility (CEF). Funding for the […]
This is how you can save for your first apartment
For many, it is more difficult to save up enough equity so that you can get a good loan with a good interest rate and a suitable repayment plan. Especially for young people, it is difficult to enter the housing market, and it can take time before the appropriate solution emerges. Therefore, it may be […]
EU action aims to “tighten the thumbscrews” in Belarus
BRUSSELS, Belgium: The European Union will extend travel bans and asset freezes for 86 Belarusian individuals and companies on Monday. The sanctions are part of the EU’s response to the forced landing of a Ryanair passenger plane in Minsk on May 23 to arrest a dissident journalist. Officials said the new actions by EU foreign […]
Investigate the possibilities of a loan
If your washing machine has just broken down or you are in another situation where unforeseen expenses have overturned your savings account, it is almost certain that you are looking for a loan that can help you right now. And that is exactly the kind of situation loans are made for – you may be […]
The Left is skeptical about letting the state hand over corona loans
According to Jyllands-Posten, the government is in dialogue with the banks about whether they can take over the debt and be responsible for the recovery of the money that companies owe in the form of loans for VAT and tax. The left is skeptical. – I am a little worried in relation to the companies […]
Banks: Rising house prices in Finland will slow down as the epidemic decreases, borrowing is limited
“People have been looking for more spacious houses when supply has been low by chance. We expect the opening up of societies to push household consumption from housing to other areas, which will slow the rise in prices. ” Las Olsen, Chief Economist of Danske Bank, commented on Friday. The Nordic authorities are also expected […]
The government wants banks to take over corporate debt
While companies continue to borrow money from the Danish Tax Agency to pay VAT and A-tax, the government is working behind the scenes to get the country’s banks to take over the special corona loans, which currently run up to DKK 30 billion. This is stated by several sources with insight into the process to […]
5000 nurses strike from midnight
This results in both delayed operations and weakened home care. Get an overview of the significance of the conflict for nurses and patients here: * Why do nurses go on strike? They are on strike because 66.7 percent of the members of the Danish Nurses’ Council have voted against the conciliation institution’s proposal for a […]