Marginaalilainas

Marginaalilainas, often translated as marginal loan or bridging loan, is a type of short-term financing in Finland. It is typically used to bridge a gap in funding, most commonly when purchasing a new property before the old one has been sold. The loan is secured by the property that is intended to be sold.

The purpose of a marginaalilainas is to provide immediate liquidity, allowing the borrower to proceed with a new purchase without waiting for the sale of their existing asset. This is particularly useful in a fast-moving real estate market where opportunities can be time-sensitive. The loan amount is usually a percentage of the value of the property being purchased, and it is repaid once the existing property is sold and the proceeds become available.

Interest rates on marginaalilainas can be higher than those for traditional mortgages due to their short-term and often higher-risk nature. The repayment period is typically limited, often ranging from a few months to a year. It is essential for borrowers to have a clear plan for the sale of their existing property to ensure they can repay the marginaalilainas on time. Failure to do so can lead to financial difficulties. Banks carefully assess the borrower's ability to repay and the likelihood of selling the existing property before approving a marginaalilainas.