Account service charge €2.95
When you pay by invoice or in instalments, an account service charge of €2.95 is added to the billed sum. This sum is only added to the first invoice of the month, even if you make several purchases during the same month.
The account service charge is not a monthly charge for using OP Lasku. It is not charged when you do not receive invoices. In other words, you only pay for your use of OP Lasku.
Credit limit 1,000–5,000 euros
The credit limit in OP Lasku is determined when you make your first purchase. The credit limit can be increased in increments of 1,000 euros. The amount of credit limit does not affect the costs of using OP Lasku, as the interest rate and account service charge are always the same.
OP Lasku always includes the option of paying in instalments. Because of this, the credit agreement must be signed before making the first purchase. The credit limit helps you keep track of purchases you make by invoice.
The minimum repayment is 1/36 of the purchase
If you pay in instalments, you need to pay at least the minimum repayment. The maximum repayment period is 36 months. The minimum repayment is 1/36, or less than 3% of the total invoiced amount.
The annual percentage rate when paying in instalments is 18.50%
When you pay in instalments, the interest and account service charge are added to the monthly invoiced amount. The annual percentage rate of OP Lasku is 18.50%*.
Penalty interest 18.50%
If your payment arrives late, the penalty interest in accordance with the Interest Act is 18.50%.
Charges and fees
Account service charge €2.95
The annual percentage rate when paying in instalments is 18.50%
Penalty interest 18.50%
Minimum repayment 1/36 of purchase price
*OP Lasku is a revolving credit. The annual percentage rate of charge for a loan of 1,000 euros is 25.3% when the credit interest rate is the reference rate under section 12 of the Interest Act + 15.00% (18.50% in January 2025), and the account service charge is 2.95 euros per month. The estimated total amount payable would be 1,375.57 euros. This calculation assumes that the entire credit is used, the credit interest rate, fees and charges remain constant throughout the credit term, and the credit is repaid in minimum monthly instalments of 27.78 euros, meaning that the credit term is 36 months. The credit is granted by OP Corporate Bank Plc, Gebhardinaukio 1, FI-00510 Helsinki.