Loans - Apply for a loan for all sorts of situations

Need a loan? We have the right option for you. You can apply for a loan to buy a home or holiday cabin, purchase a car or boat, make home improvements, or finance your studies.

Consumer credit

A loan of 2,000 to 15,000 euros without collateral or a guarantor. Fast credit decisions.

Secured loans start from 10,000 euros.

Read more and apply

Home loan

Home, holiday home or buy-to-let home.

For any bank’s customers.

Read more and apply

Student loan

Apply for a student loan online and save on service charges.

Student loan benefits for owner-customers.

Read more and apply

Car loan

Fair and competitive interest rate.

You can buy the car from a dealer or private person.

Read more and apply

Home improvement loan

Borrow to redecorate or refurbish your home, or for other purchases.

Apply for a loan, or seek financing directly from one of our partner retailers.

Read more and apply

Holiday home loan

Apply for loan in the planning phase.

As an cooperative owner-customer, you'll earn OP bonuses from your loans.

Read more and apply

Loans for a range of needs.

Find the right loan for you

Calculate a suitable loan for you

Use our loan calculator to work out the monthly repayments and total cost of a loan.

Go to loan calculator

No servicing fee for Special Consumer Credit for the first 6 months

Use the benefit and apply for Special Consumer Credit. No credit servicing fee for 6 months if you draw down the credit by 31 Aug 2023.

Read more and apply for Special Consumer Credit

Other loans from OP:

Homeowner loan

Transfer your loans to OP

What kind of loan can I apply for?

You can apply for a loan from OP for any purpose. For buying a home or holiday home, you can apply for a home loan. For financing your studies, you can apply for a student loan. For various smaller or larger purchases, we offer a secured Bank Loan and unsecured Special Consumer Credit. For a regular need of credit, we offer unsecured Flexible Consumer Credit. You can also apply for hire purchase financing for buying a car and financing for home improvement directly from OP’s partner retailers.  

The most suitable option for you depends on your intended use of the loan, the amount of loan you need and whether you have any collateral and want to use it. The loan options also differ from each other in terms of the rate of interest. 

Use our loan calculator to compare loans

Who can get a loan from OP?

Customers of any Finnish bank are eligible to apply for secured bank loans from us. You can apply for an unsecured loan if OP is your main bank.

Apply for a loan from OP if:

  • you have regular income from pay or a pension
  • you are able to meet the loan repayments
  • you have no payment default records

How much can I borrow?

The maximum loan depends on several factors. Read about them before you apply. The following factors affect the possible size of loan:

  • your desired loan amount in relation to your total income and expenses
  • any collateral you have
  • your current circumstances and whether you have managed your personal finances well

You can apply for a secured loan starting from 10,000 euros, with no upper limit. Depending on your needs, you can apply for an unsecured loan of 2,000 – 15,000 euros.

Secured loan – apply for a loan with no upper limit

  • Apply for a loan starting from 10,000 euros with no upper limit
  • You will need collateral for the loan. A home that you own, forest, securities or other assets can serve as collateral.
  • You can apply for a secured loan even if you are not an OP customer. You can also apply for a joint loan.

Unsecured loan – apply for a loan of 2,000 to 15,000 euros without collateral

  • Apply for Special Consumer Credit if you need a one-off loan of 2,000 to 15,000 euros
  • Apply for Flexible Consumer Credit if you need a revolving credit of 2,000 to 8,500 euros
  • Only OP customers can apply for unsecured loans. You cannot apply for an unsecured loan jointly with another person.

Why does it pay to apply for a loan from OP?

OP is a bank owned by its customers, which offers unbeatable benefits to owner-customers. Money management and saving are easier if you make OP your main bank. You can keep track of your financial matters and borrow with flexible repayment arrangements.

Apply to OP for a loan and enjoy multiple benefits:

  • Clarity about the total cost of your loan at all times
  • Access to us via a range of channels, in addition to phoning
  • You can apply for a repayment holiday or grace period
  • Availability of OP services such as Money Box and My financial balance

Can I take out a loan if I am not an OP customer?

Car hire purchase, and loans for home improvement or large, direct purchases from stores are available for customers of any Finnish bank

You can apply for OP financing for a car, home improvement or a large purchase even if you are not an OP banking customer. Such financing is provided via one of our partner retailers. After buying from the retailer, you can repay OP for the financing in instalments that suit you.

How much financing can I have?

You can apply for between 2,000 and 50,000 euros of financing. To receive an immediate decision, complete an online financing application with our partner retailer in advance. Then you can head straight to the store.

Buy a car from a car dealership or private person with hire purchase

Car hire purchase is a safe way to buy a car without a down payment. You can apply for OP’s car hire purchase financing if you buy a car from a car dealership or private person. Both options include a fixed monthly repayment, and you don’t need separate collateral: the car is the collateral.

Read more and apply for car hire purchase

Apply for financing for home improvement or a large purchase directly from an OP partner company

Know where you intend to buy items such as home improvement supplies, solar panels or a roof renovation? Apply for financing directly from a partner company of OP! You can apply for financing of 2,000–50,000 euros: the amount varies between OP’s partner companies. Apply for financing online and make purchases directly from the store.

Read more and apply for financing

Are you an OP customer?

Becoming a customer of OP is easy: just fill in an application online.

Become a customer of OP
The financing is granted by OP Retail Customers plc, OP Corporate Bank plc or OP cooperative bank, depending on the financing product.
Example calculation for Bank Loan

A bank loan is one-off credit. If the 12-month Euribor is 1.921% (September 5, 2022) and the loan’s interest rate is a 3.9% margin plus the 12-month Euribor, the effective interest rate on a bank loan of 10,000 euros with a five-year repayment period will be 7.2%. A monthly servicing fee of 2.50 euros per month will be charged. An origination fee of 120 euros will be payable when the loan is drawn down. The estimated total amount payable will be 11,842 euros.

This calculation is based on the assumption that the entire loan has been drawn down, the loan interest rate, fees and charges are constant throughout the loan term, and the loan is repaid in equal instalments of 192.88 euros each month. The bank loan is granted by an OP cooperative bank.

Example calculation for Special Consumer Credit

Special Consumer Credit is a one-off loan: the effective interest rate for a 7,000-euro loan with a 5-year payback period would be 11.59 % if the credit interest rate were the 3-month Euribor + 7.95% (9.68 % in November 2022) and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 9,181.69 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It also assumes that the loan is repaid in monthly instalments of 155 euros all the way to the final instalment.

The loan is granted by OP Retail Customers Plc

Example calculation for Flexible Consumer Credit

Flexible Consumer Credit is a revolving credit whose effective interest rate for 2,000 euros is 16.01 % when the loan interest rate is a 3-month Euribor + 7.95 percentage points (9.68 % in November 2022) and a six-euro loan servicing fee per month.

The estimated total amount payable would be 2,187.08 euros. This calculation is based on the assumption that the entire loan is drawn down and that the interest rate and charges and fees remain unchanged throughout the loan term. It is also assumed that the loan is repaid in the monthly minimum repayments of 185 euros, resulting in a loan period of 12 months.

The loan is granted by OP Retail Customers Plc

Example calculation of hire purchase financing

Hire purchase financing is a one-off credit. Effective interest rate on a credit of 20,000 euros with a 5-year credit period amounts to 7.6% when the interest rate on financing is 6% (12/22), the establishment fee is 190 euros and the invoicing fee is 9 euros per month. The estimated total cost of credit is 23,959.10 euros, paid in 60 instalments of 399.40 euros each. This calculation is based on the assumption that the entire credit is drawn down at the same time and that interest on the loan, and the charges and fees, remain unchanged throughout the loan term.

The credit is issued by OP Corporate Bank