Financing for your purchase – compare the best offers
Compare the financing options for different purchases in one place: consumer loan, dealer instalment, leasing and bank loan. Free and anonymous comparison.
Loan calculator
Try how much the loan costs per month. The result is indicative.
Example: When the loan amount is —, the interest rate is — and the repayment period is —, the monthly payment is —, total loan cost is — and the total amount to be repaid is —.
When you're planning a big purchase, the right financing form can save hundreds or even thousands of euros in total cost. Lainafy's financing comparison shows the lenders and their competitive rates for different purchase categories – the comparison is completely anonymous and does not commit you to anything.
Why compare financing
The choice of financing form directly affects your wallet. Finns pay an estimated €200–400 million too much in interest each year because they don't compare their loans (Finance Finland 2024). A three-minute comparison can save hundreds or even thousands of euros on a single purchase.
Common financing forms and what they suit
There are 5 main ways to finance a big purchase in Finland. Brief comparison below – more detailed options per purchase category are on the sub-pages.
How to choose the right financing
- Determine the purchase price and financing need. Leave a 10–20 % buffer for unexpected extra costs (e.g. car tyres, renovation extras).
- Check whether you have a secured option (home ownership, a newer car as collateral) – secured loans are almost always cheaper.
- Compare 3–5 lenders on Lainafy. Compare the effective annual rate (APR), not just the nominal rate.
- Ask the dealer/contractor for a cash-purchase price. It's often €300–800 below the list price.
- Compare total costs (loan + purchase) between options. The lowest APR doesn't always win if opening or account fees are high.
- Choose the shortest repayment period whose instalment fits your budget – a longer period increases interest costs significantly.
Compare financing by purchase type
Choose the financing guide that matches your purchase. See the comparison, monthly payment examples and recommended lenders.
Frequently asked questions
Why is it worth comparing financing?
APR differences on Finnish consumer loans are large – up to 5–10 percentage points on the same amount. For a €15,000 loan over 5 years, a 3-pp APR difference = ~€1,200 saving in total cost. Comparison takes 3 minutes and is completely free.
Is comparison safe?
Yes. Comparison alone on Lainafy is anonymous and does not appear in your credit record. A credit check is only made when you submit an actual loan application on the lender's site. Making a single application does not significantly lower your creditworthiness.
How does a consumer loan differ from a dealer instalment?
Consumer loan (via Lainafy): money is transferred to your own account, you make a cash purchase at the dealer. APR typically 6–12 %. Dealer instalment: the dealer arranges financing through their partner (e.g. Santander, Nordea Rahoitus). APR typically 8–14 %. A separate consumer loan is almost always cheaper + enables a cash-purchase discount.
When is a secured loan worthwhile?
For purchases over €15,000, a secured loan (purchase as collateral or home as collateral) typically saves 3–5 pp in APR. For a €30,000 car over 6 years the saving can be €2,500–4,000. Secured loan risk: selling/refinancing the vehicle requires the lender's approval.
What is a typical consumer loan effective annual rate in 2026?
At 2026 market level the best lenders' APR starts at about 6.9 % (Morrow Bank, Northmill, Instabank). Mid-tier loan APR is 8–12 % and instant loans 15–30 %. Comparison on Lainafy shows you the best offer for your credit profile.
How quickly do I get the money in my account?
With the fastest digital banks (Morrow Bank, Northmill) the same day after application approval. Usually the process takes 1–3 business days. Secured loans 3–7 business days.
Can I use financing for any purchase?
Yes. An unsecured consumer loan is not restricted to a specific purpose – you decide what to use the money for. Secured loans require the purchase to act as collateral (e.g. a car loan with the car as collateral).
Are financing interest costs tax-deductible?
Consumer loan interest is not tax-deductible for private individuals. Exceptions: mortgage interest (limited deduction) and interest on loans used to acquire income (e.g. investment property financing). In business use, business loan interest is deductible in business taxation.
Is it worth paying off financing early?
Yes. Finnish consumer protection law guarantees the right to early repayment without extra fees for loans under €10,000. For loans over €10,000 the lender may charge a small fee (max 1 %), but it's usually much smaller than the interest saved.
Compare loans for your purchase
Free and anonymous comparison – takes under a minute.