Tasaerälyhennys
Tasaerälyhennys, often translated as equal installment payment or annuity loan, is a common method for repaying a loan. In this repayment structure, the borrower makes fixed, regular payments over the life of the loan. Each payment consists of two parts: principal repayment and interest.
The key characteristic of tasaerälyhennys is that the total amount of each installment remains the same. However,
This structure provides predictability for the borrower, as they know the exact amount they need to pay