Benefits for the housing company:
- Protection against rising charges for financial costs due to higher interest rates
- Easier financial planning and budgeting in the housing company
- Flexible repayment scheme: possibility for shareholders to make extra repayments and repayment holidays are also possible if required.
- Customised interest rate protection takes the special needs of a housing company into account
- No separate charge for the protection
An interest rate protection is a supplementary feature to housing company loans granted by OP Financial Group, which enables converting floating-rate loans to fixed-rate ones for a chosen period. The total interest rate for a protected housing company loan is based on the fixed reference rate plus the agreed markup.
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OP Financial Group member cooperative banks offer interest rate protection for housing companies.