We did a bit of research comparing loans that are quick various organizations that offer pay day loans in Finland.

We discovered that a most of the businesses provide loans much like fast loans. Companies provide credit rating, versatile loans and credit reports, loans, loan brokerage solutions, etc. There we discovered different businesses that solution customers with fast loans.

Name Loan quantity Loan Duration Age restriction
Ferratum Min €50 Max €300 7-30 times 21 years
Vivus Min €10 Max €2010 3-30 times two decades
Luttoraha Min €50 Max €2000 45 days 22 years
Ekstraluotto Min €10 Max €2100 1-26 months 21 years
Ainalaina Min €50 Max €2000 45 times 21 years
Euroloan Group as much as €500 3 months-3 years two decades
Everyday.fi Min €20 Max €2000 3 months-1 12 months 21 years
Compare to pay day loans within the UK
Cashfloat Min ВЈ200 Max ВЈ1100 1-4 months 18 years
  • Ferratum loan that is quick section of a Ferratum Corporation which is noted on the Frankfurt stock market. It really is Finnish institution that is financial easy objective, to provide a lot more than cash to everybody else. With headquarters in Finland, it runs various other 21 nations including Germany, France, Croatia, Romania etc.
    • Loan amount: minimum €50, maximum €300.
    • Loan extent: from 1 week as much as 1 month. Ferratum is interest free, therefore the annual interest is 0,0%.
    • Age restriction when planning on taking a loan: 21 yrs . old.
  • Vivus has workplaces for payday advances in Finland, Sweden, Denmark, Latvia, Poland and UK. It began running during 2009.
    • Loan quantity: minimum €10 and €2010 optimum.
    • Loan period: 3 to 1 month.
    • For 10 as much as €400, yearly interest is 0%.
    • For 10 as much as €2010, the percentage that is annual in €2000 is 447.6%.
    • Age limitation to take a loan: two decades old.

Our 2nd supply was Lainaa which unveiled some other businesses providing loan that is quick.

  • Luttoraha – is a Finnish personal liability that is limited devoted to credit rating. They usually have expertise in the granting of credit rating in the countries that are nordic 2005.
    • Loan quantity: from €50 to €2000.
    • Loan period: 45 times.
    • Right after paying right right back the loan, borrowers can utilize more.
    • It provides free safety application to everyday activity.
    • The APR of €2000 credit is determined on 140.4%.
    • Age limitation to take a loan: twenty years old.
  • Ekstraluotto – is just a lending that is reliable since 2006.
    • Loan quantity: from €10 to €2100.
    • Payback period: from 1 to 26 months.
    • The APR is 119.86% for a €2000 loan for year repayment.
    • Age restriction when planning on taking a loan: 21 yrs . old.
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  • Ainalaina – recognize the €2,000 credit line for longer than 21 years old.
    • Loan quantity: from €50 to €2000.
    • Loan duration: 45 times.
    • Borrowers can enhance cash by text 24/7.
    • Clients solution available around the clock.

We have expanded the research on higher amount of credits over periods of several months because we couldn’t find more sources about competition for payday loans in Finland. In accordance with our other supply, Parasvippi, you can find 9 businesses offering various level of loans that are listed and explored below.

  • Eurolan Group – is really business with customer finance choices in Finland, Sweden and Poland. For Finland, it provides express loans for as much as €500. Here you will find the key faculties:
    • Loan Duration: min a few months, maximum three years.
    • APR (annual) 50.5%.
    • Nominal rate of interest is 4.99%.
    • Loan instance: for a financial loan of €100 for a few months, the debtor has to spend €47 monthly payments, or €139 as a whole. This is why a charge of €39.
    • Age restriction when planning on taking that loan: Above twenty years old.
  • Eurolimitti – Eurolimitti is a brandname of JW-Group Ltd which operates since 2006 as completely Finnish-owned finance company.
    • The least quantity they provide is €10 with maximum number of €3000.
    • APR (annual) 98.68%
    • Nominal rate of interest is 5.99%.
    • Loan instance: for a financial loan of €100 for a couple of months, the debtor need to pay €37 in monthly payments or €112 as a whole. This is why a cost of €12.
    • Age limit when planning on taking a loan: 21 yrs . old.
  • Laina – is Finland’s company that is leading various variety of loans. Versatile economic solutions are already utilized by a lot more than 400,000 Finns.
    • Loan period: min a few months, maximum three years.
    • APR (annual) maximum 77.16%.
    • Loan instance: for a financial loan of €100 for a few months, the debtor has to spend €40 installments that are monthly or €121 as a whole. This makes a charge of €21.
  • NordCREDIT – is another complete credit business that provides numerous form of credits, including short-term loans online.
    • Minimal level of loan is €100 and optimum is €3000.
    • Year Loan Duration: min 3 months, max 1.
    • APR calculated into the average of €2000 for 12 thirty days re re payment duration is 128.80% plus the total expense is €3255.
    • Yearly nominal rate of interest is 60%.
    • Year loan duration: min 3 months, max 1.
    • The amount that is least they feature is €20 with maximum number of €2000.
    • Withdrawal payment of 15% with month-to-month interest of 5% with no other fees.
    • APR for a normal €800 is 99.69%.
    • Age restriction to take that loan: 21 yrs old.
  • okay cash is Finnish credit provider and leading for quite some time because the most readily useful little financial institution.
    • Loan Duration: a few months to 24 months.
    • The fee for the €100 loan for ninety days is €29, meaning the cost is €29.
    • Yearly rate of interest is 376.68%.
    • Age limitation when planning on taking a loan: two decades old.
  • Soumilimiitti is a brand name of JW-Group Oy. It gives as much as €2000.
    • It gives minimum €10 and optimum €2000.
    • Withdrawal commission is 15% of this raised amount.
    • Loan extent: min three months, maximum one year.
    • The price for the €100 loan for 3 months is €33, this means the cost is €33.
    • The yearly interest is 477.6%.
    • The APR on credit of €800 for 12 payment duration is 163.98% thirty days.
  • Euro24 – The company’s primary business is funding as well as the granting of credit rating. Euro24 Finance Ltd is registered when you look at the Southern Finland Regional State Administrative Agency creditor register from 31.1.2011.
    • Loan Duration: min a couple of months, maximum 24 months.
    • The fee for the €100 loan for 3 months is €52, meaning the charge is €52.
    • Yearly rate of interest is 1254.79%.
    • Loan example: for €800 the APR would be 98.87% for the payment amount of 12 months. The actual quantity of total price of the mortgage will be €2086.
    • Age limitation to take that loan: 21 years old.