Interest rate on new housing loans slightly up in September 2025
Finnish households drew down new housing loans in September 2025 to a total of EUR 1.3 billion, an increase of 11% on September 2024. At the same time, the average interest rate on the new drawdowns rose slightly from August, and in September new housing loans were taken out at an average interest of 2.82%. The maturities of new owner-occupied residential mortgages and buy-to-let mortgages have lengthened.
In September 2025, Finnish households drew down new housing loans to a total of EUR 1.3 billion, an increase of 11% on September 2024. Despite this, new housing loan drawdowns were 18% below the average for September in 2011–2024. The average interest rate on the new drawdowns rose slightly from August, as did the 12-month Euribor, the most common reference rate for new housing loans. Hence, in September the average interest rate on new housing loans was 2.82%, 0.9 percentage points lower than in the same month a year earlier. Of the new drawdowns, EUR 115 million, or approximately 9%, were buy-to-let mortgages.
The maturities of new owner-occupied residential mortgages and buy-to-let mortgages have lengthened from the previous year. In September 2025, the average maturity of new owner-occupied home loans was 22 years and 11 months, compared with 22 years and 4 months a year earlier in September. Correspondingly, the average maturity of new buy-to-let mortgages was 22 years and 1 months, as opposed to 22 years and 5 months a year earlier. The share of loans with a maturity of over 20 years has increased: in September 2025 these loans accounted for 76.1% of all new housing loans, compared with 72.5% in September 2024.
With the growth in housing loan drawdowns, the stock of housing loans continued to contract only slightly in September 2025. Thus, the annual rate of change of the housing loan stock (EUR 105.7 billion) was -0.04%, compared with -0.77% in September 2024. At the end of September 2025, the stock of owner-occupied residential mortgages stood at EUR 96.7 billion (annual rate of change -0.3%), and the stock of buy-to-let mortgages totalled EUR 9.0 billion (annual rate of change 3.0%).
Loans
At the end of September 2025, of all loans taken out by Finnish households, consumer credit totalled EUR 17.5 billion and other loans, EUR 17.8 billion.
Drawdowns of new loans[1] by Finnish non-financial corporations in September amounted to EUR 2.2 billion, of which EUR 500 million was loans to housing corporations. The average interest rate on the new drawdowns was up from August, at 3.76%. At the end of September, the stock of loans granted to Finnish non-financial corporations stood at EUR 107.9 billion, with loans to housing corporations accounting for EUR 45.8 billion.
Deposits
At the end of September 2025, the aggregate stock of Finnish households’ deposits stood at EUR 115.4 billion, and the average interest rate on these deposits was 0.80%. Overnight deposits accounted for EUR 70.5 billion and deposits with agreed maturity for EUR 15.5 billion of the deposit stock. In September, Finnish households made EUR 1.1 billion of new agreements on deposits with agreed maturity, at an average interest rate of 2.14%.
Loans and deposits to Finland, preliminary data |
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| July, EUR million | August, EUR million | September, EUR million | September, 12-month change1, % | Average interest rate, % | |
| Loans to households, stock | 140,946 | 141,142 | 141,073 | 0.1 | 3.37 |
| - of which housing loans | 105,698 | 105,769 | 105,720 | 0.0 | 2.82 |
| - of which buy-to-let mortgages | 8,951 | 8,981 | 8,998 | 2.92 | |
| Loans to non-financial corporations2, stock | 107,532 | 107,898 | 107,949 | 0.3 | 3.30 |
| Deposits by households, stock | 114,681 | 115,396 | 115,443 | 4.3 | 0.80 |
| Households' new drawdowns of housing loans | 1,270 | 1,113 | 1,270 | 2.82 | |
| - of which buy-to-let mortgages | 119 | 114 | 115 | 2.93 | |
* Includes loans and deposits in all currencies to residents in Finland. The statistical releases of the Bank of Finland up to January 2021, as well as those of the ECB, present loans and deposits in euro to euro area residents and also include non-profit institutions serving households. For these reasons, the figures in this table differ from those in the aforementioned releases.
1 Rate of change has been calculated from monthly differences in levels adjusted for classification and other revaluation changes.
2 Non-financial corporations also include housing corporations.
- Euro-denominated deposits and loans of euro area residents: stock, 12 month rate of change and average interest rate
- Euro-denominated loans and deposits of Finnish households
- New business on loans and new drawdowns of household loans
- Finnish contribution to the euro area monetary aggregates and their main counterparts
- Imputed interest rate margins on loans from MFIs
The next news release on money and banking statistics will be published at 10:00 on 28 November 2025.
Related statistical data and graphs are also available on the Bank of Finland website at https://www.suomenpankki.fi/en/statistics/.
[1] Excl. overdrafts and credit card credit.