Vertailukorko
Vertailukorko is a Finnish term that translates to "comparison rate" in English. It is a standardized measure used to express the total cost of a loan, including not only the nominal interest rate but also various associated fees and charges. The purpose of the vertailukorko is to provide consumers with a clearer and more comparable overview of different loan offers, making it easier to understand the true cost of borrowing.
Finnish law mandates that lenders must disclose the vertailukorko for consumer credit products, such as mortgages,
When comparing loan options, consumers should pay close attention to the vertailukorko. A loan with a lower