enimmäiskorko
Enimmäiskorko, often translated as maximum interest rate or interest rate cap, refers to a legally stipulated upper limit on the interest rate that can be charged on a loan or financial instrument. This concept is primarily employed in consumer protection legislation to prevent predatory lending practices and excessive financial burdens on borrowers. By setting a maximum rate, authorities aim to ensure that interest charges remain reasonable and do not exploit individuals in vulnerable financial situations.
The implementation and specifics of enimmäiskorko vary significantly across different jurisdictions. Some countries or regions may
The primary objective behind enimmäiskorko is to promote financial fairness and stability. It protects consumers from