Competition for Payday Advances in Finland

Competition for Payday Advances in Finland

We did a bit of research comparing quick loans in various businesses that offer pay day loans in Finland.

We unearthed that a lot of the firms provide loans much like quick loans. Companies provide credit rating, versatile loans and credit reports, business loans, loan brokerage solutions, etc. There we found different businesses that service customers with fast loans.

Name Loan quantity Loan Duration Age limitation
Ferratum Min €50 Max €300 7-30 times 21 years Min that is vivus €10 €2010 3-30 times twenty years
Luttoraha Min €50 Max €2000 45 times 22 years
Ekstraluotto Min €10 Max €2100 1-26 months 21 years
Ainalaina Min €50 Max €2000 45 times 21 years
Euroloan Group as much as €500 3 months-3 years two decades
Everyday.fi Min €20 Max €2000 3 months-1 12 months 21 years
Compare to pay day loans when you look at the UK
Cashfloat Min ВЈ200 Max ВЈ1100 months that are 1-4 years
  • Ferratum loan that is quick section of a Ferratum Corporation and it’s also noted on the Frankfurt stock market. It really is Finnish standard bank with easy objective, to provide significantly more than cash to any or all. With head office in Finland, it runs various other 21 nations including Germany, France, Croatia, Romania etc.
    • Loan quantity: minimum €50, maximum €300.
    • Loan period: from seven days as much as 1 month. Ferratum is interest free, and so the annual rate of interest is 0,0%.
    • Age restriction to take that loan: 21 years of age.
  • Vivus has offices for payday advances in Finland, Sweden, Denmark, Latvia, Poland and British. It began operating in ’09.