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 a co-debtor. You can see the number of co-debtors and the first name and last name of each co-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 the co-debtor's name. If a co-debtor wants to see more detailed information on the loan, they must log in to the e-service with their own ID.

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).
• Other than consumer credit
  • In the Positive credit register, other than consumer credit refers to guarantee receivables for student loans.

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.

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