vertailuprosentti
Vertailuprosentti is a Finnish term used in consumer finance to denote a standardized percentage that expresses the annual cost of credit for a loan or other financing. Its purpose is to help consumers compare loan offers on an apples-to-apples basis by converting different cost structures into a single figure.
The vertailuprosentti typically includes the costs tied to the credit that occur over a year, such as
Use and interpretation: A lower vertailuprosentti generally indicates a cheaper loan, but it is not a guarantee
Limitations: Consumers should read the full loan agreement to understand all costs and how they are calculated.