Holiday home loan

Fulfil your dream of a summer cabin or a second home

Apply for holiday home loan online

You can apply for a holiday home loan already at the planning stage. You can complete a holiday home loan application easily online – wherever and whenever!

Flexible loan servicing throughout the loan term

Our holiday home loan is flexible. You can have a loan repayment holiday or protect your ability to repay loans in a manner suitable for you during the loan repayment period.

OP bonuses for owner-customers

As an OP cooperative bank owner-customer, your holiday home loan will contribute towards your OP bonuses that can be used, for example, to pay for bank service charges and insurance bills.


Holiday home loan or financing for a second home

Apply for holiday home loan or consent to joint application

Start a holiday home loan application or continue a previously started application.

Apply for loan

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

Go to consent

Start a holiday home loan application or continue a previously started application.

Apply for loan

Approve a joint holiday 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


Spending time at a holiday cabin is part of traditional Finnish holidaymaking. At a holiday cabin, there’s time to enjoy the summer and nature as well as go swimming and have a sauna. Some dream of a simple holiday cabin life, others look for a well-equipped second home where they could live even year-round. It’s a good idea to apply for a holiday home loan as soon as you start thinking about buying a holiday home even if you hadn’t found the villa of your dreams just yet.

As an owner-customer, your holiday home loan will contribute towards your OP bonuses that can be used to pay holiday home insurance premiums, among others. You can also enjoy the other owner-customer benefits and discounts on banking and insurance services.

Poika melomassa järvellä

How to apply for holiday home loan

  1. Fill in a home loan application online
    If you're applying for a loan with another person, state this in your application. We will send the other applicant a message so that they can consent to the joint application and add their personal information. As the person who started the application, you can then finalise and send the application.
  2. We'll contact you
    Our specialist will discuss the loan with you, including the collateral required for the loan.
  3. Let us know when you find a suitable property to buy
    We will then go through all the relevant details with you.
  4. You will receive a loan offer and can make your purchase offer on the property.

Having a summer cabin built or carrying out basic renovation

Do you dream of having a holiday cabin built? If so, complete the home loan application. If you plan on doing a renovation or some light redecoration in your holiday cabin, apply for a home improvement loan.  

How much do I need to save to buy a holiday home?

The amount of savings required to buy a holiday home depends on the statutory maximum loan-to-value ratio and the collateral value of the holiday home to be purchased. In most cases, you must cover 40 per cent of the holiday home’s price with either savings or other collateral.

The holiday home loan interest rate comprises a reference interest rate and the margin

The reference rate and margin make up the holiday home loan’s total interest rate. The total cost of the holiday home loan consists of this sum combined with the charges related to loan payments. The interest rate for a holiday home loan varies – you can find out the interest rate for your own loan by completing a loan application. 

Holiday home loan calculator – calculate the monthly instalment of a holiday home loan

Before applying for a holiday home loan, you can use the holiday home loan calculator to check how the loan amount, repayment period and interest rate affect the monthly instalment. You can also see the amount of OP bonuses you will earn from your loan if you are an OP cooperative bank owner-customer. 

Try out the holiday home loan calculator

Still looking for a holiday home?

OP Koti offers a wide range of holiday homes across Finland. OP Koti’s real estate agent helps you find a suitable holiday home, including properties that are not yet on the market. Contact the real estate agent and arrange a showing – on location or as a remote showing. Once you have found the holiday home of your dreams, the transaction can be handled completely digitally.

See holiday homes on sale at OP Koti.

Make sure that your holiday home is insured

As an owner of a holiday home, you are legally required to insure the building and its movable property. Pohjola Insurance’s holiday home insurance covers your holiday home, movable property, and any additional buildings on the lot while you are not present. Examples of claims covered by the holiday home insurance include burglaries, fire, and storm damage. 

Read more about Pohjola Insurance’s holiday home insurance 

The home loan is provided by OP cooperative bank. OP Koti real estate agent services are available throughout Finland. The insurance is issued by Pohjola Insurance Ltd. 

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 4.116% (valid on 16 Aug 2023), the effective interest rate of this home loan will be 5.0%. 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 266,183.85 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 1103.77 euros every month. The home loan is granted by an OP cooperative bank.

The loan is granted by an OP cooperative bank.

Take a look at the terms and conditions governing loans, pledges and guarantees, and forms. You will accept the terms and conditions of the loan and collateral agreement at the time of signature.

Loan terms and conditions

Nainen lukee kirjaa sohvalla vinokaton alla.
With an interest rate cap, you can limit your loan’s interest expenses for years ahead
Interest rate cap sets a maximum for your loan’s reference interest rate but you will also benefit from falling interest rates. Read more!