viivästyskorosta
Viivästyskorko is a Finnish term referring to interest charged on late payments. It is a legally defined concept in Finland, applicable to commercial transactions and consumer credit. The primary purpose of viivästyskorko is to compensate the creditor for the financial loss incurred due to the delayed payment from the debtor.
The calculation of viivästyskorko is governed by Finnish law. The applicable interest rate is determined by
In consumer credit agreements, specific regulations are in place to protect consumers. These regulations often set
The obligation to pay viivästyskorko arises when a payment is not made by the agreed-upon due date.