Financing directly from our partner retailers

You can apply for financing for larger or one-off purchases directly from our partner retailers, regardless of whether you are OP’s banking customer. Apply for financing from the retailer when you know where you’re buying. Financing from 2,000 euros up to 50,000 euros. The amount of financing granted may vary, depending on the store.

Why get financing directly from the retailer?

  • Apply for a financing decision online. Your credit will be available immediately at the retailer you selected. Applying does not require you to use the credit.

  • Reliable and easy payment method - after purchasing, you repay the financing monthly directly to OP.

How to apply for financing:

  1. Financing application

    Fill in a financing application for the retailer online to receive a decision right away. Applying does not require you to use the credit.

  2. Making the purchase

    Tell the retailer that you are paying by OP financing and show your proof of identity.

  3. Repayment

    OP will send you a bill once a month. You can repay the credit flexibly by paying either the minimum sum, a larger amount or the entire loan at once, if you like.

More information about financing

  • No need for collateral or guarantors
  • Available for any bank's customers
  • Fixed monthly repayment
  • Suitable for financing products and services, such as installation work
  • Suitable for larger or one-off purchases
  • File a financing application online and identify using your own bank’s user identifiers
  • You are free to buy immediately after signing the financing agreement
  • Pay the monthly minimum repayment, a larger sum or the entire loan at once.

Tips for financing home improvements

Get a realistic estimate of the costs
When applying for financing, we recommend choosing a sum that is slightly higher than the cost estimate.

Interest on the loan is tax deductible
If you are doing basic renovation on your home or building a new home, you can deduct interest on the loan on your taxes. OP reports interest payments directly to the tax authorities. See tax.fi for further information. Basic renovation means a more extensive repair, not just replacing surfaces. It includes work such as replacing the house’s heating, plumbing, ventilation and electric systems.

Remember to apply for a tax credit on household expenses
You can apply for a tax credit on household expenses when buying installation services.

 

Details of financing

OP One-off Loan

  • Financing for €2,500–50,000
  • Flexible repayment term
  • Interest rate OP-prime, typical rate 5.95 %–7.50 %*
  • Invoicing fee €7/month
  • One month of repayment time without interest or fees
  • Option to pay off the entire loan early without additional fees
  • Interest payments on the loan are tax deductible as with a home loan when used to finance basic renovations on a permanent home you own
  • OP’s customers can view the credit balance online at op.fi

*The financing is a one-off loan. The effective interest rate for a loan of 10,000 euros is 8.26% with an interest rate of OP-prime + 6.95% (7.20% on 08/19) and an invoicing fee of €7/month. Estimated total amount payable €12,946.48. The calculation is based on the assumption that the entire credit is used, the credit interest rate, fees and charges remain constant through the loan term, and the credit is repaid in minimum monthly instalments of €170 euros (1.7% of loan amount) with a loan term of 79 months. The creditor is OP Corporate Bank Plc, Gebhardinaukio 1, FI-00510 Helsinki

OP Overdraft Facility

  • Financing for €2,000–2,0000
  • Repayment period depends on the amount of credit and the monthly repayment percentage selected by the customer. The minimum payment is €50/month.
  • Interest OP Prime + 6.95 %*
  • Invoicing fee 6€/month
  • One month of interest-free repayment time on every purchase
  • Option to pay off the entire loan early without additional fees
  • Interest payments on the loan are tax deductible as with a home loan when used to finance basic renovations on a permanent home you own
  • You can grant access rights to the account to a family member or a contractor, for example
  • No card included

*Overdraft facility is a revolving credit. Effective annual interest for a credit of 5,000 euros is 8.10% with an interest rate of OP-prime + 6.95% (7.20% on 08/19) and an invoicing fee of €6.00/month. Effective annual interest has been calculated with the assumption that the interest rate for the first 6 months is 0%. The estimated total amount payable is 5,709 euros. The calculation is based on the assumption that the entire credit is used, the credit interest rate, fees and charges remain constant through the loan term, and the credit is repaid in instalments of €140 with a loan term of 41 months. The creditor is OP Corporate Bank Plc, Gebhardinaukio 1, FI-00510 Helsinki.

Consumer financing customer service, call charge €0.0835/call + €0.167/min (incl. VAT)