Home improvement loan – a strong foundation for financing your project

Make your home improvement plans come true. Apply for a home improvement loan conveniently online.

  • Manage your loan safely and easily throughout the loan term.

  • We don’t have hidden interest or other costs.

  • Using OP as your main bank pays off. You will also earn OP bonuses through a loan with us.

 

Calculate a suitable loan for you

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How much do you need to borrow?
Monthly repayment
-
Loan term
Planned loan term. The maximum recommended home loan term is 20 years. You can discuss with the bank if the 20-year loan term does not suit your needs.
Interest rate
The interest rate given automatically by the calculator is the current default interest on the home loan (12-month Euribor + customer-specific mark-up). You can change the interest rate and try how changes in interest rates affect the loan.
Try out how a considerably higher rate affects the monthly repayment of your loan.

Home loan


Monthly repayment
€/mo
Payment protection insurance premium
€/mo
Loan amount:
Scope of payment protection insurance:
Insurance premium: €/mo
€/day
A maximum of 200,000 euros can be insured on the loan, monthly compensation is a maximum of 1,500 euros and the maximum policy term is 30 years. If you have a larger loan, your bank will help you choose a suitable solution for protection.
Total monthly repayment of protected loan:
€/mo
Failed to calculate payment protection insurance. Try again.
You can earn OP bonuses during the first year
+
OP bonuses are earned by all Group member bank owner-customers with transactions entitling to bonuses. At Helsinki OP Bank, you are given OP bonuses when your banking and/or insurance transactions come up to at least €5,000 per month. Transactions mean, for example, the total amount of loans, savings, purchases paid using OP-Visa as credit card. They also include insurance premiums for Pohjola’s home, family and motor vehicle policies. OP bonuses are used to pay for banking services such as loan service charges. OP bonuses are also used for Pohjola home, family and motor vehicle policy premiums and OP-Kiinteistökeskus real estate commissions. OP bonuses have been calculated for the first year on the bonus scheme rules currently in effect. The calculation has taken account of your monthly repayments for the first year.
Repayment method: Equal payment
Equal payment. The monthly repayment amount remains constant but the loan term may change when interest rates change.
Effective interest rate: %
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
Estimated total cost:
Indicates how much it would cost to repay the loan, including charges and interest amounts, based on the information you have provided.
How much do you need to borrow?
What would be a suitable loan term?
Last repayment
Other options
Hire purchase SECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
Interest rate
%
Total cost
Last repayment:
  • The loan is secured against the car you have bought
  • Suitable for all banks' customers
  • Preliminary financing decision at once
Loan documentation fee €YLL_DATA_INIT_COST_AMOUNT and handling fee €YLL_DATA_EXPENSES_MONTHLY/repayment.
  • Interest rate: %
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
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Flexible Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
Interest rate
%
Total cost
  • You can apply for credit worth €2,000–8,500
  • Suitable for making smaller purchases
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
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Special Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
Interest rate
%
Total cost
  • You can apply for credit worth €2,000–15,000
  • Suitable for financing a one-off purchase
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
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Bank Loan SECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
Interest rate
%
Total cost
  • You need collateral for the loan, such as an owner-occupied home.
  • Suitable for one-off purchases of over €8,000
  • We can customise a loan repayment plan for you
Loan drawdown and any possible partial drawdowns are subject to a charge based on the bank's service charges and fees.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
Show additional information
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How much do you need to borrow?
What would be a suitable monthly repayment?
Other options
Flexible Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
%
Total cost
  • You can apply for credit worth €2,000–8,500
  • Suitable for making smaller purchases
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
Show additional information
Hide additional information
Special Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
%
Total cost
  • You can apply for credit worth €2,000–15,000
  • Suitable for financing a one-off purchase
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
Show additional information
Hide additional information
Bank Loan SECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
%
Total cost
  • You need collateral for the loan, such as an owner-occupied home.
  • Suitable for one-off purchases of over €8,000
  • We can customise a loan repayment plan for you
Loan drawdown and any possible partial drawdowns are subject to a charge based on the bank's service charges and fees.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.30 euros.
Show additional information
Hide additional information

Period for which you apply for a loan
Loan amount
Interest rate
Loan repayment period
  • The calculation is only suggestive. The loan offer made to you describes the loan interest rate and other terms and conditions in detail.

What kind of home improvement loan do you need?

Choose between different options for reasonably financing small home improvements. Home improvement loans come with different features, maximum loan amounts and collateral. Compare loans, apply online and start your home improvement project.

If you can provide a collateral or guarantor when applying for a loan, your loan may exceed 15,000 euros and you will get the lowest possible interest rate. You can also apply for a home improvement loan without collateral if your loan amount remains below 15,000 euros. 

You can also finance your home improvement with a flexible unsecured limit from which you can withdraw money as needed.

Sometimes, a credit card may be a smart way of financing home improvements.
 

A home loan is the best way to finance renovations

If you intend to renovate your house, the best way of financing it is a home loan. Its interests are partly tax-deductible. 

A renovation means a more extensive repair, not just replacing surfaces. A renovation refers to work such as replacing the house’s heating, plumbing, ventilation and electric systems. 

 

A home improvement loan is an investment in your home

Are you planning home improvements, building a patio or replacing your kitchen cabinets? 

Avoid unexpected repair costs or serious damage by making repairs in time. A home improvement is an investment in your home. It will also increase your living comfort. Well-made improvements add value to your home. Remember that if you use home improvement professionals, you can get part of the repair costs back by claiming tax credit for household expenses.

Read more about tax credit for household expenses on Finnish Tax Administration’s website at tax.fi >

Provide a collateral – get the lowest interest rate for your loan

We recommend that you check whether you have assets that can be used as collateral, because a secured bank loan has the lowest interest rate. Eligible collateral include, for example, a home that you own if it is debt-free or if you have already repaid part of your home loan. Forest, investments and other assets may also be eligible as loan collateral.

You can get a secured home improvement loan starting from 8,000 euros, with no upper limit. In other words, you can apply for it even for a larger home improvement project. You can apply for a bank loan even if you are not an OP customer.

Read more about a secured bank loan >

Get a loan of up to 15,000 euros without collateral

If you want an unsecured loan, apply for Special Consumer Credit. File a home improvement loan application online; as a rule, you will get a loan decision right away. You can get a loan of up to 15,000 euros without collateral. Only OP customers can apply for a loan without collateral.

Read more about unsecured Special Consumer Credit >

Apply for an unsecured limit if your budget is still unclear

An unsecured limit, or Flexible Consumer Credit, is a good loan option if you don’t know how much money you will need for the home improvement. You can draw down credit from it whenever needed. You do not need to provide any collateral. You can get an unsecured limit of 2,000–8,500 euros.

When you make a repayment on the credit, a corresponding amount is released for future use. Therefore, it is ideal for home improvement projects that have an unclear timetable or that will be carried out in several stages. Only OP customers can apply for an unsecured limit.

Read more about unsecured Flexible Consumer Credit >

 

Why take out a home improvement loan?

  • You can spread the home improvement costs over a longer period of time.
  • Spreading the costs will make it easier to plan your finances over a longer term.
  • Home improvement is an investment that frees up capital for other uses.
  • Instead of using your savings for a home improvement, you can, for example, invest them to receive a better interest yield.
  • Home improvement adds value to your home and is an investment for the future.

Apply for a home improvement loan online – you will get the loan decision quickly

Apply for a home improvement loan online. You will get the loan decision quickly. As a rule, you will get a decision on an unsecured loan right away. For a secured loan, you will get the loan decision within 1–3 days.

 

You will earn OP bonuses through a home improvement loan

As an owner-customer, you will always earn OP bonuses through a loan with us. You can use bonuses to pay, for example, your home insurance premiums. For example, if you have a loan of 10,000 euros with us, you will be entitled to OP bonuses worth 25 euros per year.

 

OP bonuses

As an owner-customer, you will earn OP bonuses for example from

  • loans
  • savings and investments
  • purchases you have paid with credit
  • insurance premiums for home, family and motor vehicle policies.

OP bonuses are used for the bank’s service charges and insurance premiums.

The financing is granted by OP Card Company plc, OP Corporate Bank plc or OP cooperative bank, depending on the financing product.