How to get an ASP loan

You can negotiate an ASP loan (vastaantulolaina) when at least 10% own savings and at least 20 accepted monthly deposits (or equivalent) are in place. Pay the purchase first from ASP funds, then other own money, then loan — agree the package in writing with the bank before you buy.

ASP loan conditions (ASP-laina ehdot) combine law and bank pricing: the bank should price an interest-subsidy ASP loan below its other first-home loans. Maximum loan term at grant is typically 25 years, with limited repayment holidays — confirm the current schedule with your bank.

ASP loan amount (ASP-laina määrä) is tied to savings (accepted deposits × nine, including interest and lisäkorko in the calculation) and at most 90% of the purchase price. With state korkotuki, municipal ceilings apply (e.g. about €230,000 / €345,000 for one / two borrowers in major cities, €160,000 / €240,000 elsewhere — verify live figures).

ASP loan interest (ASP-laina korko) is set with the bank. State korkotuki can cover 70% of the annual rate above 3.8% for up to ten years if you choose state subsidy instead of a bank rate-cap product — that choice is usually final.

If the ASP loan is not enough, an extra loan (ASP lisälaina) can sit beside it with its own terms and without state korkotuki. A free state guarantee can cover the ASP loan; guarantee on the extra loan is typically paid.

Renting an ASP-financed home (ASP asunnon vuokraus) during korkotuki years is limited: temporary other use (including rent) can total at most two years while subsidy runs. After the subsidy period, use restrictions end — report lasting non-own use to Valtiokonttori if required.

Compare ASP with a regular first-home loan (~5% own funds, different ceilings). Ask several banks for margin and fees; bank brand search is navigation, not the decision. Use bank calculators for payment estimates, then stress-test true monthly cost and compare listings on REcompare once you have a budget.