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Home loan

Loan for a home, holiday home or buy-to-let home

Apply for a home loan conveniently online

You can apply for a home loan to buy a home, pay off your share of the housing company loan, transfer your existing home loan or shop for a home loan. If you're not yet an OP cooperative bank customer, you can use another bank's user ID to apply for a home loan.

We advise you to apply for a home loan well in advance: request a loan offer already when you're just planning a new home. Applying for a loan does not obligate you to take out the loan.

Owner-customers get OP bonuses on home loans

If you're an OP cooperative bank's owner-customer, you can earn OP bonuses worth hundreds of euros on your home loan. Earned OP bonuses are used to cover charges and fees related to personal banking and insurance services. Owner-customers also get other benefits on banking and insurance services.

Protect your finances against surprises

Life and the world around you may change suddenly, but you can prepare for surprises by protecting your loan. Different kinds of cover and interest rate protections protect your personal finances.

Apply for home loan or consent to joint application

Start applying for a home loan, continue with the application you started or add the required attachments.

Apply for a home loan

Approve a joint home loan application started by the other applicant.

Go to consent

 

Start applying for a home loan, continue with the application you started or add the required attachments.

Apply for a home loan

Approve a joint home loan application started by the other applicant.

Go to consent

To apply for a home loan, you need an online bank user ID. If you don’t have a user ID with any bank, our Customer Service will help you. Contact our Customer Service

Steps in getting a home loan

  1. Fill in a home loan application online
    If you’re applying for a loan together with another person, state it in your application. After you have sent the application, the other applicant needs to give their consent to it using the link above on this page.
  2. We will contact you 
    Our specialist will discuss the loan with you, including collateral required for the loan. If everything is fine, we will issue a preliminary loan offer to you – in some cases already before our call. The offer shows the loan amount you could get if you have collateral accepted by the bank. 
  3. Tell us when you find the home you want to buy
    We'll check the particular home's details and make sure it can be used as collateral for your loan.
  4. You will get a loan offer that is binding on the bank. You can then make your purchase offer on this home.
    A loan offer is sometimes also called a loan promise.
"Can I get a home loan if...?" To find out, just fill in a home loan application. It will not obligate you in any way!

Transfer your loans to OP

When did you last make a home loan comparison? Compare your current loan with OP's loan offer. Requesting our offer is free and will not obligate you in any way. Just fill in a loan application and we will contact you soon. To request our offer online, you can also use another bank's user ID.

Apply for a home loan

Apply for a home loan

Don’t forget home insurance

Insure your home easily with us. Get our recommendation and calculate your premium for Pohjola Insurance’s home insurance! 
What is a home loan?
A home loan is a long-term bank loan that is secured with collateral. The typical loan term is 20 to 25 years. You can apply for a home loan for the costs of purchasing or building a home, plot, buy-to-let home or holiday home.
What are the requirements for a home loan?

When you request a home loan offer, we will ask you about your income and current debts. We use this information to evaluate how large of a loan you would be able to repay while having enough money for living expenses. 

In addition to sufficient repayment ability, a home loan usually requires collateral or guarantors as well as some savings, as the entire price of the home typically cannot be financed with a loan.

​What are the terms of a home loan?
The interest on a home loan (reference interest rate or a fixed rate), customer-specific bank margin, loan term and collateral are always agreed on a case-by-case basis. Whether or not a loan can be granted and the loan amount depends on the customer’s repayment ability and financial situation, among other factors. When you ask for a loan offer from us, our expert will be in touch with you to go over the detailed loan terms and conditions.
How much home loan can I receive?
The amount of home loan is always decided on a case-by-case basis and depends on your financial situation and the price, condition and location of the home.  The easiest way to find out what kind of a loan you could receive is by asking for a loan offer from us. The loan offer is free and does not bind you in any way.
What collateral do I need for a home loan?

In most cases, the purchased home can be used as collateral for the loan to up to 70% of the home’s value. If you need to borrow more than 70% of the home’s value, the bank will usually also need some additional form of collateral.

Possible forms of additional collateral include a home loan guarantee by Garantia or a loan guarantee by the OP cooperative bank. You can also apply for a state guarantee for your loan. If your loan has a guarantor, the guarantor’s property can also be pledged as collateral.

 

How do I change my monthly home loan repayment?

If you want to reduce your monthly repayment amount or take a repayment holiday, you can apply for a change in your repayment plan.

Submit the application well in advance, at least 4 weeks and not earlier than 90 days before the date on which you wish the change to take effect. The change is subject to a service fee according to the price list. If you are our owner-customer, OP bonuses can be used to pay the fee. If you don’t have OP bonuses, the service fee is charged with the next instalment of the loan. 

As a rule, extra repayments and advance repayments of a home loan are free of charge. If your loan has a fixed interest rate, the bank may charge for the extra repayment.

 

Can I shop around for the best deal on a home loan?

You can shop around for home loans by asking for comparable offers from different banks and financing institutions.

If your home loan is currently at another bank, ask us for a loan offer. Once you have submitted the loan application, our expert will be in touch with you to go over the terms of the loan offer, OP owner-customer benefits on home loans and the collateral required for the loan.

 

Example calculation

Home loan is a one-off loan. Let's look at a home loan where the loan amount is 170,000 euros. The loan term is 20 years. The loan margin is 0.7%. Calculating with the 12-month Euribor of 3.390% (valid on 31 July 2024), the effective interest rate of this home loan will be 4.3%. In addition, a loan servicing fee of 2.50 euros will be charged each month. When the loan is drawn down, a one-off origination fee of 680 euros will be charged. The estimated total cost of the loan is 251,741.78 euros.

In this calculation, we assumed that the entire loan was drawn down at once, that the loan interest rate, fees and charges stay the same throughout the loan term and that the loan is repaid in equal payments of 1043.59 euros every month. The home loan is granted by an OP cooperative bank.

The estimate calculation is indicative only. The loan term, loan amount and interest rate used in the calculation represent a typical loan issued by an OP cooperative bank.

 

The home loan is granted by an OP cooperative bank.

The insurance is issued by Pohjola Insurance Ltd.