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. Online credit decision.

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.

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Student loan

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

Student loan benefits for owner-customers.

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Car loan

Safe and flexible car finance.

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

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Home improvement loan

Loan for redecorating, refurbishing or renovating your home.

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

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Holiday home loan

Apply for loan in the planning phase.

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

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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

Flexible repayments

Credit of 2,000 — 20,000 euros with OP's Visa card. You can raise your credit limit on OP-mobile or at op.fi.

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Raise your card’s credit limit

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 or unsecured loan?

A secured loan is the most suitable option when you need to borrow more than 10,000 euros. Secured bank loans often have a more affordable interest rate than unsecured consumer loans because the assets you pledge as collateral help secure the repayment of the loan to the bank. You can apply for a secured loan even if you are not yet an OP customer.

Read more and apply for a secured loan

If you need a smaller loan or don’t want to pledge your assets in security for the loan, you can apply for an unsecured loan from 2,000 euros to 15,000 euros. You can apply for an unsecured loan, provided that you are an OP customer and manage your personal finances well.

Read more and apply for an unsecured consumer loan

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. Fill in a financing application online, in advance. Once you have received the decision, you can head straight to our partner retailer.

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 a home loan

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.

Example calculation for Bank Loan

A bank loan is one-off credit. If the 12-month Euribor is 4.091% (August 18, 2023) 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 7.9%. 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 12,046.06 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 196.28 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 6,000-euro loan with a 5-year payback period would be 14.01 % if the credit interest rate were the 3-month Euribor + 7.95% (11.75 % in September 2023) and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 8,249.19 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 145 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 17.84 % when the loan interest rate is a 3-month Euribor + 7.95 percentage points (11.75 % in September 2022) and a six-euro loan servicing fee per month.

The estimated total amount payable would be 2,185.32 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 250 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% (7/23), 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