Tag: Loans

  • Understanding loans and making informed decisions

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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 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

    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

    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

    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

    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

    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

    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

    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

    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

    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 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

    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

    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

    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?

    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

    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 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…