vertailukorkoon
Vertailukorko is a Finnish term that translates to "comparison rate" or "effective interest rate". It is a standardized way of expressing the total cost of a loan to a consumer, including not only the nominal interest rate but also all associated fees and charges. The purpose of the comparison rate is to enable consumers to easily compare different loan offers and understand the true cost of borrowing.
In Finland, lenders are legally required to disclose the comparison rate for consumer credit products such
By providing a single, comprehensive figure, the comparison rate helps consumers avoid being misled by offers