Leasing contract

• Loan number
  • The loan number is a unique loan identifier created by the lender.
• Loan contract concluded
  • The date of conclusion is the date when you and the lender concluded a binding contract.
• Peer-to-peer loan
  • The lender reports to the register whether they have brokered the loan as a peer-to-peer loan broker. Brokering of a peer-to-peer loan refers to a situation where a private individual, for example, borrows money to another private individual through a company acting as a peer-to-peer loan broker.
• Start date of the contract period
  • The start date of the contract period is agreed on between you and the lender. If you have not agreed on the start date, the start date of the contract period is the date when the contractual rights and obligations of the lender and debtor become effective.

• Name for marketing purposes
  • The lender reports its own marketing name or auxiliary business name to the register. Marketing name here refers to the name that the lender uses for the purposes of marketing.
• Identifier
  • The lender's identifier is the company's Business ID. If the lender is non-Finnish, they report their foreign business ID instead of the Finnish Business ID.
• Official name
  • The lender's official name is the trade name registered in the Trade Register

The lender reports to the register whether you are the loan's only debtor or whether the loan is a shared loan. If the loan has several debtors, each debtor can see only their own information. However, you can see the number of co-debtors and the first name and last name of every debtor who has a Finnish personal identity code. If a co-debtor does not have a Finnish personal identity code or is a company, for example, you do not see their name.

The lender reports the currency of the loan that was granted to you.

The lender reports one-time expenses for the conclusion of a loan contract to the register. Such expenses include, for example, expenses and fees for loan applications and conclusion of a loan contract, charges for the use of a certain means of payment, loan arrangement fees, delivery fees or the like, payments made to loan brokers when a loan contract is concluded or credit is opened, separate expenses for transferring money to a bank account, i.e. an additional charge for rapid loan processing or withdrawal. The lender reports expenses included in the calculation of the effective annual interest rate according to chapter 7, section 6 of the Consumer Protection Act to the Positive credit register.

Note that charges and loan expenses may be collected from you throughout the life cycle of the loan. Such expenses are not included in the one-time expenses arising from the conclusion of a loan contract. If loan expenses are paid in connection with monthly payments, for example, or otherwise in instalments, you can find them in the reported payment transactions.

• Instalment
  • The lender reports to the register the monthly instalment agreed on in the leasing contract. The total amount of the monthly instalment includes the principal, interest and expenses.
• Interest included in the payment
  • The lender separately reports the amount of interest included in the monthly instalment.
• Other expenses included in the payment
  • The lender also separately reports the amount of other loan expenses included in the monthly instalment.

• Transaction price
  • If the leasing contract requires that you should purchase the leased item at the end of the contract period, the lender reports the agreed transaction price here.

Loan according to the Consumer Protection Act

For authorities' needs, the lender must report to the register whether a loan is a consumer credit within the scope of chapter 7 of the Consumer Protection Act, a consumer credit linked to residential property within the scope of chapter 7a of the Consumer Protection Act, or other than a consumer credit.

• Consumer credit (chapter 7)
  • Consumer credit within the scope of chapter 7 of the Consumer Protection Act means a loan which the lender grants to a consumer and on which interest or other charges are collected. Such loans include student loans, investment loans, credit cards, hire-purchase transactions and consumption loans. Loans comparable to consumer credits, such as peer-to-peer loans and rental and other contracts (leasing contracts), are also reported as falling within the scope of chapter 7.
• Consumer credit linked to residential property (chapter 7a)
  • Loan linked to residential property within the scope of chapter 7a of the Consumer Protection Act means loans granted for acquiring residential property and loans for which residential property has been provided as collateral. Such loans include, for example, home loans, loans for the purchase of investment apartments, and renovation loans. This information is reported only on loans granted after the entry into force of chapter 7a of the Consumer Protection Act (1 January 2017).

Goods or services related credit

The lender reports whether a loan is a goods or services related credit. A goods or services related credit is a consumer credit that a seller, a service provider or a business acting on their behalf has granted for the acquisition of a consumer commodity, such as a car or furniture.

Credit cards are also reported to the register as goods or services related credit. Home loans or student loans, for example, are not reported as goods or services related credit.

• The loan has delayed amounts
  • The lender reports to the register if a loan has delayed amounts. Delayed amount means that you have failed to pay a loan-related payment in part or in full. The lender reports to the register only payments that are at least 60 days late. In other words, amounts that are less than 60 days late are not shown in the register.
• The loan has been accelerated
  • The lender reports to the register if a loan has been accelerated in full due to a delayed amount. Acceleration means that the lender can request that the future instalments or the entire loan should be paid off before they are due. If the loan has been accelerated for a reason other than a delayed amount, the acceleration is not shown in the register.
• The loan is included in a debt arrangement payment plan
  • The lender reports to the register if the loan is included in a debt arrangement payment plan confirmed by a court of law. On loans included in a debt arrangement payment plan, the lender reports more limited data than usually. For this reason, you cannot see payment transactions and balance or interest information on loans included in a debt arrangement payment plan. If the debt arrangement lapses and the loan is no longer included in it, the lender reports the information to the register. After that, you can see all loan details again. If a co-debtor of the loan is included in a debt arrangement, the information is shown to all co-debtors.
  • Voluntary debt arrangements or any other debt arrangements, such as combination loans, offered by private operators are not regarded as debt arrangements in this connection.
• The loan is included in a business restructuring program
  • The lender reports to the register if the loan is included in a business restructuring program confirmed by a court of law. On loans included in a business restructuring program, the lender reports more limited data than usually. For this reason, you cannot see payment transactions and balance or interest information on loans included in a business restructuring program. If the business restructuring program lapses, the lender reports the information to the register. After that, you can see all loan details as usual.
• The loan has been transferred from another lender
  • The lender reports to the register if the loan has been transferred from another lender. The transfer of a loan refers to a situation where the lender has sold the loan to another lender or the loan has been transferred to another organisation within the same group.
• The loan is transferred to another lender
  • The lender reports to the register if they have transferred the loan to another lender. The transfer of a loan refers to a situation where the lender has sold the loan to another lender or the loan has been transferred to another organisation within the same group. The loan will be removed from the register within a few days, and the new lender will then report the loan to the register. After that, the loan will be shown in the register and on credit register extract as a loan reported by the new lender (reassignee).
  •  Because of the transfer, you may find the transferred loan twice in the loan information for a few days even though you have only one loan. The credit register extract also shows only one loan.
• The loan has ended
  • When the lender reports that the loan has ended, the loan details will no longer be shown in the e-service or on the credit register extract. However, if the loan is transferred to another lender, the loan may be shown as ended for a few days before the loan data is removed from the register.
• The accuracy of loan data has been denied
  • This is shown when you have denied the accuracy of loan data and requested that the processing of your data should be restricted on the basis of Article 18 of the EU General Data Protection Regulation. According to the Act on the Positive Credit Register, we can disclose loan data on the credit register extract despite your claim. The information that accuracy has been denied is also shown on the credit register extract. We will delete this information at your request or after the Incomes Register Unit has verified the accuracy of the data or the error has been corrected.

Here you will see when the lender last updated your loan data. The lender may have updated one or more pieces of data.