Products
Housing loan
When the loan is just right for you, it makes it possible to make your dreams come true and also gain wealth.
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Whatever you need, we will help you to plan the financing for your purchase so that you have enough money.
One-time loan
– Secured loan for larger purchases
A One-time loan is suitable for you if you already have property, such as your own home, to pledge and you want to finance a larger project.
For financing needs of more than €10,000
Since a One-time loan is a secured (collateral) loan, you can apply for a large loan if needed. If a smaller loan is enough, we recommend you read about our Target loan.
Repayment plan based on your wishes
We will adapt the loan term and repayment to suit your needs. You can repay the One-time loan in equal instalments, equal payments or fixed equal payments.
Information about One-time loan
The loan interest rate consists of the reference rate and a loan-specific margin. For One-time loans, the reference rate is the 12-month Euribor. You can also agree on a One-time loan with a fixed interest rate. Collateral is required for a One-term loan. Collateral may be a home or account deposit, for example.
This is not an offer from the bank. Loan terms and conditions are agreed personally. Eligibility for a loan requires a positive credit decision. Danske Bank checks the customer’s credit report with Suomen Asiakastieto Oy and the Positive credit register when making the credit decision.
Example calculation: If you take a loan of €25.000, the loan period is 10 years and the reference rate for the loan is the 12-month Euribor, the total interest rate of the loan would be 6.672 % (7.373 % Annual Percentage Rate calculated according to the Consumer Protection Act). The total amount of the credit and other credit expenses is €35,168.87, including the origination fee, €90, an automatic account debiting charge, €5.00/payment, and the number of payments is 120. (Information as of the situation on 3 June 2024)
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During the loan negotiations, we will review the prices and terms of the loan. Changes to the loan will be charged according to the service pricelist valid at that time. You need collateral for the One-Time Loan. Suitable collateral is, for example, a dwelling or a deposit on an account.
Target loan
– unsecured loan for you to realise your plans
Contact us to apply for Target loan
A target loan is suitable for you if you are unable to provide collateral for the loan or if you don’t want to pledge property, such as your own home, and are in need of renovation or something else important to you.
A target loan is intended for our customers who make regular payments into a Danske Bank account.
Borrow up to €15,000
Depending on you repayment ability, you can apply for a loan up to €15,000 (two debtors €30,000). If you have a higher education, you can get a Benefit loan up to a maximum of €25,000 per borrower and a lower interest.
Information about Target loan
The loan interest rate consists of the reference rate and an added 7–10 percentage points. For Target loans, the reference rate is the 12-month Euribor. The maximum loan term is 5 years and the repayment method is equal payment. No collateral is required for a Target loan.
Example calculation of Target loan: If you take a loan of €5.000, the loan period is 5 years and the reference rate for the loan is the 12-month Euribor, the total interest rate of the loan would be 11.722 % (15.450% Annual Percentage Rate calculated according to the Consumer Protection Act). The total amount of the credit and other credit expenses is €7,047.95, including the origination fee, €90, an automatic account debiting charge, €5.00/payment, and the number of payments is 60. (Information as of the situation on 3 June 2024)
Information about Benefit loan:
The interest rate on the loan is linked to the 12-month Euribor reference rate + 4.90 percentage points. The product is a one-time loan from Danske Bank. Example: If you take out a €5,000 loan where the loan term is 5 years and the loan reference rate is the 12-month Euribor, the total interest rate on the loan would be 8.622% (12.027% Average Percentage Rate calculated according to the Consumer Protection Act). The total amount of the credit and other expenses is €6,581.31, including the opening fee of €90, an automatic account debiting charge of €5.00/payment and the number of payments is 60. (Information based on situation at 3 June 2024).
The estimated total amount of credit payable on the loan and the annual percentage rate of charge have been calculated on the assumption that the credit period is five years and the credit is immediately fully drawn, the interest rate and service fees remain the same throughout the credit period, and the credit is repaid in 60 instalments of the same amount every month. The calculation takes into account the costs related to the setting up, withdrawing and contractual recovery of the credit.
The Benefit loan is intended for all our customers who have a higher education and does not require Akava membership. This loan offer is not binding on the customer or the bank. Eligibility for the loan requires a positive credit decision. Danske Bank checks the customer’s credit report with Suomen Asiakastieto Oy and the Positive credit register when making the credit decision.
Consumer loan
– Continuously available credit to finance plans and unexpected everyday expenses
Apply for Consumer loan in eBanking
A continuous €2,000–€10,000 consumer credit facility. You can transfer the money into your account, pay bills and spread larger expenses across several months. You pay off the credit once a month at the rate you choose and it is again available to you. A Consumer loan means you can keep a payment reserve for unexpected and recurring large expenses such as car servicing. You also have a possibility for two annually recurring payment-free months.
A Consumer loan is intended for our customers who make regular payments into a Danske Bank account.
Flexible repayment
You can make repayments in the amount you choose. You can also repay the loan faster or even pay it off at any time. You can do this in eBanking through regular transfer between your own accounts.
Information about Consumer loans
- €2,000–€10,000
- Possibility for two annually recurring instalment-free months
- If needed, you can apply to increase your Consumer credit in eBanking
The interest rate on a Consumer loan is linked to the 3-month Euribor 365 with the addition of 9 percentage points.
The annual fee for Consumer loans is 3.5% of the amount of credit limit applied for.
The Annual Percentage Rate of Consumer Loan is 21.06 %, calculated for a credit of €2,000 (3 June 2024). The estimated total amount payable of credit and interest and fees is €2,630.25, calculated for a credit of €2,000 (3 June 2024), including the annual fees of 3 × €70 for three years. The estimated total amount of credit payable and the Annual Percentage Rate of Consumer Loan have been calculated with the assumption that the credit period is three years, the credit is immediately disbursed in its entirety, and the interest rate and service fee remain unchanged throughout the credit term, and that the credit is paid back in 36 equal payments one month apart. The amount of the reference interest rate for Consumer Loan is determined according to the rate on the first banking day of each March, June, September and December. The credit agreement will be concluded for a fixed period of three years. It is also possible to negotiate on extending the agreement for another period of three years. After the expiration of the fixed period, you have the right to repay the credit with the instalment amount you choose. This is not a loan offer. Granting Consumer Loan is always subject to an approved credit decision. Danske Bank verifies the personal credit record of the customer with Suomen Asiakastieto Oy and the Positive credit register before making a credit decision.
