Holiday home loan
Fulfil your dream of a summer cabin or a second homeApply for holiday home loan online
You can apply for a holiday home loan already at the planning stage. You can complete a holiday home loan application easily online – wherever and whenever!
Flexible loan servicing throughout the loan term
Our holiday home loan is flexible. You can have a loan repayment holiday or protect your ability to repay loans in a manner suitable for you during the loan repayment period.
OP bonuses for owner-customers
As an OP cooperative bank owner-customer, your holiday home loan will earn you OP bonuses that can cover banking service charges and insurance premiums, and more.
Holiday home loan or financing for a second home
Apply for holiday home loan or consent to joint application
Start applying for a holiday home loan, continue with the application you started or add the required attachments.
Approve a joint holiday home loan application started by the other applicant.
Start applying for a holiday home loan, continue with the application you started or add the required attachments.
Approve a joint holiday home loan application started by the other applicant.
To apply for a home loan, you need an online bank user ID. If you don’t have a user ID with any bank, our Customer Service will help you. Contact our Customer Service
Spending time at a holiday cabin is part of traditional Finnish holidaymaking. At a holiday cabin, there’s time to enjoy the summer and nature as well as go swimming and have a sauna. Some dream of a simple holiday cabin life, others look for a well-equipped second home where they could live even year-round. It’s a good idea to apply for a holiday home loan as soon as you start thinking about buying a holiday home even if you hadn’t found the villa of your dreams just yet.
As an OP cooperative bank owner-customer,your holiday home loan will earn you OP bonuses that can cover banking service charges and insurance premiums, and more. You will also have access to other owner-customer benefits and discounts on banking and insurance services.
How to apply for holiday home loan
- Fill in a home loan application online
If you're applying for a loan with another person, state this in your application. We will send the other applicant a message so that they can consent to the joint application and add their personal information. As the person who started the application, you can then finalise and send the application. - We'll contact you
Our specialist will discuss the loan with you, including the collateral required for the loan. - Let us know when you find a suitable property to buy
We will then go through all the relevant details with you. - You will receive a loan offer and can make your purchase offer on the property.
Having a summer cabin built or carrying out basic renovation
Do you dream of having a holiday cabin built? If so, complete the home loan application. If you plan on doing a renovation or some light redecoration in your holiday cabin, apply for a home improvement loan.
How much do I need to save to buy a holiday home?
The amount of savings required to buy a holiday home depends on the statutory maximum loan-to-value ratio and the collateral value of the holiday home to be purchased. In most cases, you must cover 40 per cent of the holiday home’s price with either savings or other collateral.
The holiday home loan interest rate comprises a reference interest rate and the margin
The reference rate and margin make up the holiday home loan’s total interest rate. The total cost of the holiday home loan consists of this sum combined with the charges related to loan payments. The interest rate for a holiday home loan varies – you can find out the interest rate for your own loan by completing a loan application.
Holiday home loan calculator – calculate the monthly instalment of a holiday home loan
Before applying for a holiday home loan, you can use the holiday home loan calculator to check how the loan amount, repayment period and interest rate affect the monthly instalment. You can also see the amount of OP bonuses you will earn from your loan if you are an OP cooperative bank owner-customer.
Try out the holiday home loan calculator
Still looking for a holiday home?
OP Koti offers a wide range of holiday homes across Finland. OP Koti’s real estate agent helps you find a suitable holiday home, including properties that are not yet on the market. Contact the real estate agent and arrange a showing – on location or as a remote showing. Once you have found the holiday home of your dreams, the transaction can be handled completely digitally.
See holiday homes on sale at OP Koti.
Make sure that your holiday home is insured
As an owner of a holiday home, you are legally required to insure the building and its movable property. Pohjola Insurance’s holiday home insurance covers your holiday home, movable property, and any additional buildings on the lot while you are not present. Examples of claims covered by the holiday home insurance include burglaries, fire, and storm damage.
Read more about Pohjola Insurance’s holiday home insurance
The home loan is provided by OP cooperative bank. OP Koti real estate agent services are available throughout Finland. The insurance is issued by Pohjola Insurance Ltd.
