Unsecured loan - loans for everything from washing machines to redecoration

Get a small loan from your local bank. An unsecured loan is a convenient way of financing both large and small purchases.

Apply for unsecured loan with the bank without collateral or guarantors

You can apply for an unsecured loan, i.e. OP Tailored Consumer Credit, from €2,000 up to €30,000. OP Tailored Consumer Credit is an unsecured loan drawn down at once that enables you to finance matters such as small home improvements or even a change of car. File a loan application on the op.fi service or in OP-mobile. You'll get a credit decision within two banking days. After you have accepted the credit agreement, you'll receive the money in your account.

You need to be an OP customer to apply for OP Tailored Consumer Credit. You can apply for an unsecured loan at op.fi or in OP-mobile if you have OP’s user ID.

Why is it a good idea to apply for unsecured loan with OP?

It’s a good idea to apply for an unsecured loan with your own OP cooperative bank. You'll get a loan of a suitable amount and with the repayment period that suits you best. We don’t have hidden interests or other costs – you’ll always know the total cost of your loan.

Also, managing finances is easy and secure when you get all your banking services from OP. The loan repayment terms can be modified if your life situation changes, for example, if you change jobs or take parental leave.

It's a good idea to apply for an unsecured loan with OP because:

You're entitled to a grace month for your credit.
You can change the amount of the instalment or the due date of repayments.
You can also pay off the entire loan

Who can apply for unsecured loan?

You can apply for unsecured OP Tailored Consumer Credit if:

You are at least 23 years old and use OP cooperative bank as your main bank.
You have no payment default entries, and your credit history is in order.
You receive regular pay or a pension. A regular job makes it easier to get a loan.
You can manage your current payment obligations.
You have a permanent residence in Finland.

Financing without collateral for any bank's customers

Even if you weren't OP's customer, you can still apply for financing with us without collateral or guarantors. Any bank's customers can apply for financing with us, for example, for home improvement or some other large purchase. In that case, financing is provided through one of our partner retailers: after you've closed the deal with the seller, you repay the financing to OP in instalments suitable for you.

If you want to get financing from one of our partner retailers, fill in an application online in advance. You'll get a decision at once, so you can make your way to the store of your choice immediately after having received the decision and let them know that you'll be paying for your purchase using OP's financing service.

You can apply for financing without collateral up to 50,000 euros. The amount of financing varies between partner retailers.

What's the interest rate on unsecured loans?

In comparing unsecured loans, pay special attention to the total costs of the different loan alternatives. The loan costs of unsecured loans consist of the interest rate, expenses and other charges and fees.

When applying for a loan without collateral, make sure that the loan costs have been specified clearly. Loan costs can be compared reliably on the basis of effective interest rate and total costs.

Example calculation for OP Tailored Consumer Credit

Example calculation for a loan of 10 000 euros:

Loan with a personal margin of 3,5 per cent + a 3-month Euribor (2,36 %, 27.3.2025)

OP Tailored Consumer Credit is a one-off loan. Its effective interest rate for a loan of 10 000 euros with a 5-year payback period would be 7,11 % if the personal margin were 3,5 % and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 11 914,55 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It further assumes that the loan is repaid in monthly instalments of 200 euros up to and including the final instalment.

Loan with a personal margin of 6,5 per cent + a 3-month Euribor (2,36 %, 27.3.2025)

OP Tailored Consumer Credit is a one-off loan. Its effective interest rate for a loan of 10 000 euros with a 5-year payback period would be 10,17 % if the personal margin were 6,5 % and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 12 752,37 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It further assumes that the loan is repaid in monthly instalments of 215 euros up to and including the final instalment.

Loan with a personal margin of 10,95 per cent + a 3-month Euribor (2,36 %, 27.3.2025)

OP Tailored Consumer Credit is a one-off loan. Its effective interest rate for a loan of 10 000 euros with a 5-year payback period would be 14,83 % if the personal margin were 10,95 % and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 14 073,52 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It further assumes that the loan is repaid in monthly instalments of 237 euros up to and including the final instalment.

The loan is granted by OP Retail Customers Plc.

Example calculations of OP’s credit cards

Example calculation for credit of OP Visa cards:

The effective interest rate calculated for used credit of 2,000 euros is 18,53% (01/2025). The calculation does not take into account the owner-customer's or other discounts. This calculation is based on the assumption that the card’s monthly charge is 2.95 euros and the monthly account service charge 3.50 euros, free of charge e-invoicing is in use, that the credit interest rate, fees and charges remain constant throughout the credit period, and the credit is repaid in 12 identical monthly instalments. The estimated total amount payable is 2,181.66 euros.

Example calculation for credit of OP Duo credit card:

The effective interest rate calculated for used credit of 2,000 euros is 19,89% (01/2025). The calculation does not take into account the owner-customer's or other discounts. This calculation is based on the assumption that the card’s monthly charge is 4 euros and the monthly account service charge 3.50 euros, free of charge e-invoicing is in use, that the credit interest rate, fees and charges remain constant throughout the credit period, and the credit is repaid in 12 identical monthly instalments. The estimated total amount payable is 2,194.26 euros.

Example calculation for credit of K-Plussa Maksuaika credit card:

The effective interest rate calculated for used credit of 1,500 euros is 20,45% (01/2025).
This calculation is based on the assumption that the card’s monthly charge is 0.00 euros and the monthly account service charge 5.00 euros, that the credit interest rate, fees and charges remain constant throughout the credit period, and the credit is repaid in 12 identical monthly instalments. The estimated total amount payable is 1 649.89 euros.

The cards are granted by OP Retail Customers Plc.