Protect your personal finances against changes

Your life and the world around you can always change. We provide an easy way of protecting your personal finances and ability to repay loans.

Borrowers can and should prepare for risks

Have you ever wondered how you’ll manage financially, if the unexpected happens? Even if your finances are solid right now, it may be worth considering how to make more headroom for the future. Many of the risks you face as a borrower lie in possible changes in your circumstances, or the world around you. Such changes can be hard to predict. However, you can create a financial safety margin, just in case.

Insure your loan and repayment ability

A rise in interest rates would mean higher costs for borrowers. You can prepare for this, ideally when interest rates are still low. An interest rate cap is a good option — by setting an interest rate cap on your loan, you can be sure that monthly repayments won’t rise above a certain level.

Read more about the interest rate cap


Loan protection insurance will cover your monthly loan repayments if something unexpected happens, such as unemployment or inability to work. Loan protection insurance can cover the total repayment of a loan, or instalments.

Read more about loan protection insurance


If your loan repayment plan no longer seems to match your circumstances, it can be adjusted. This may be necessary if, for example, you change job or take time out for studies or parental leave. You can also make loan repayments more flexible by applying for a repayment holiday.

Read more about adjusting loan repayments

Give yourself more financial headroom

Your finances could deteriorate unexpectedly if you have a sudden illness, for example. In such a situation, you will need to focus all your strength on recovering. Critical illness insurance is a great way of avoiding financial difficulties if you fall ill unexpectedly. Lump-sum compensation can be up to 100,000 euros, tax-free. You can use the compensation as you wish, not necessarily for loan repayments.

Read more about Critical illness insurance


You can prepare for the future and create leeway for unexpected costs or bigger purchases, by laying money aside while paying off your loan. And why not increase your wealth at the same time?

Read more about fund investing

Which product would be best for protecting your finances?

Our financial protection products include Critical illness insurance, loan protection insurance and the interest rate cap. See the table to find out which product meets your needs.

  Critical illness insurance Loan protection insurance Interest rate cap
Why buy the insurance?
  • Financial protection in the event of an unexpected serious illness or disability
  • Financial protection for your loved ones in the event of your death
  • The bank will pay you compensation so that you can continue with loan repayments, even if unemployed or unfit for work
  • The interest on your loan will not rise above an agreed level, even if interest rates rise in general
  • Protects one or more loans against interest rate rises
Here’s how it works:
  • Either you or, in the event of your death, your chosen beneficiary, receives financial compensation
  • You receive financial compensation to repay your loan, or the entire loan is paid off
  • You can cover a loan of your own, or your repayments for a joint loan, or take out joint cover for a joint loan
  • A maximum interest rate is set for your loan
  • You will benefit if interest rates rise
What can I use the compensation for?
  • Whatever you like, this is not pre-defined
  • For repaying your loan
  • An interest rate cap is not insurance, so no compensation is paid

See the product pages on our website for product details.

The home loan and the interest rate cap are granted by an OP cooperative bank.
Loan protection insurance is granted by OP Life Assurance Company Ltd and/or Pohjola Insurance Ltd.
Critical illness insurance is granted by OP Life Assurance Company Ltd and Pohjola Insurance Ltd.
The funds are managed by OP Fund Management Company Ltd.