Social lending
At our discretion, we grant credit that prevents over-indebtedness and supports finance management.
The purpose of social lending is to help people avoid economic problems and over-indebtedness and to support them in coping independently with spending. Social loans will not affect your ability to receive social assistance.
Social lending ranges from EUR 500 to EUR 10,000. The maximum repayment period is 5 years.
You can get credit for such things as
- home purchases, such as furniture or household appliances
- arrangement of other loans and debts
- other expenses justified for independent coping.
Before we grant a social loan, we will carry out a calculation of your available funds In this, we will examine how much money you have to repay the credit. We will take into account income and expenses, assets, debts and earning opportunities.
Conditions for receiving the Service
You can be granted a social loan if: - you have no possibilities for accessing other reasonable credit. - your municipality of residence is in our wellbeing services county. - you have no more than EUR 10,000 in debts. A home loan, student loan and car loan may be excluded from social loans at the discretion of the granting authority. - your solvency is sufficient to repay the credit. - your financial situation must be well-established and your indebtedness must end. You cannot receive a social loan if: - the conditions for granting social loans are not met. - you have insufficient funds to repay the credit. For example, Kela's basic social assistance or minimum benefits do not create sufficient funds. - your income or expenditure varies. - in addition to the social loan, you would be left with other outstanding debts. (We examine housing loans, student loans and car loans on a case-by-case basis). - you move out of our wellbeing services county. - you have non-basic assets that you can sell. - you have a valid debt arrangement for a private person, a guarantee from the Guarantee Foundation for the arrangement of loans or a previous social loan. - you have an active gambling or substance addiction.Social loans can be granted ranging from 500 to 10,000 euros, with a maximum repayment period of 5 years.
The initial assessment of the possibility of obtaining a social loan, and, if necessary, the scheduling of an appointment, is conducted over the phone with a financial counsellor.
Our phone service is open on Tuesdays, Wednesdays, and Thursdays, 7.00–11.00.
Your number will be recorded, and we will return your call.
Granting a social loan requires an evaluation of the client’s overall situation, which is carried out during in-person meetings. The evaluation includes an assessment of the client’s debts, assets, income, and expenses. During the meeting, the client’s need for the loan and their ability to repay the debt can also be assessed. After the assessment, the client can submit a loan application. The Act on Social Lending also requires that the client be provided with advice and counselling on financial planning.
Service on site
Social lending participates in the activities of the financial counselling service in Espoo and Lohja.
Tutustu sosiaalisen luoton myöntämisperusteisiin ja luottoehtoihin tarkemmin: