Myöntökäytäntö

Myöntökäytäntö is a Finnish term that translates to "granting policy" or "lending policy" in English. It refers to the set of rules, guidelines, and criteria that an organization, typically a financial institution or a public body, uses to decide whether to grant a loan, subsidy, or other form of financial assistance. This policy outlines the conditions under which an applicant is deemed eligible for funding.

Key elements of a myöntökäytäntö often include creditworthiness assessment, which involves evaluating the applicant's financial history, income stability, and existing debt. Collateral requirements may also be specified, detailing the assets that can be pledged as security for the loan. The policy will also define the purpose for which the funds can be used, the maximum amounts that can be lent, and the repayment terms, including interest rates and loan duration.

Furthermore, a myöntökäytäntö addresses risk management, aiming to minimize the lender's exposure to potential losses. This can involve setting limits on loan-to-value ratios, conducting thorough due diligence, and establishing procedures for monitoring borrowers throughout the life of the loan. For public sector grants, the policy might also focus on social or economic objectives, such as promoting certain industries or supporting disadvantaged groups. The transparency and consistency of the myöntökäytäntö are crucial for ensuring fair treatment of all applicants and maintaining trust in the lending process.