Finnish households aggregate stock of bank loans slightly increased in December 2025 from a year earlier, said the Bank of Finland in a press release on Friday.
However, developments in loan volumes by different purposes vary.
At the end of December 2025, Finnish households had EUR 140.9 billion of loans granted by banks operating in Finland. The annual rate of change in the loan stock turned to growth during 2025 and stood at 0.2% in December.
Households drew down new bank loans worth EUR 1.8 billion in December 2025 and EUR 22.5 billion over the whole of 2025.
Drawdowns in December were 5.3% higher than in the corresponding period a year earlier, and drawdowns over the whole of 2025 exceeded those made in 2024 by 8.2%.
Of the stock of household bank loans, 75% consisted of housing loans. The year-on-year change in the housing loan stock also turned to a slight 0.1% growth in December 2025. Prior to this, the housing loan stock had contracted continuously since April 2023.
At the end of December, EUR 9.1 billion of the housing loans were buy-to-let mortgages and EUR 96.7 billion were owner-occupied residential mortgages.
During 2025, the annual growth in the stock of buy-to-let mortgages accelerated and was at its fastest in December at 3.3%.
The stock of owner-occupied housing loans contracted throughout the year, albeit at a slowing pace. In December, the annual change in the stock of owner-occupied residential mortgages was minus 0.2%, as opposed to minus 1.0% in the same period a year earlier.
December 2025 saw growth also in the stock of student loans (5.8%), holiday home loans (1.1%) and vehicle loans (6.7%).
The stock of vehicle loans granted by banks grew at a fairly brisk but decelerating pace throughout 2025. However, the volume of new vehicle loan drawdowns in 2025 (EUR 2.4 billion) was exactly the same as in the previous year. The growth in the loan stock stemmed particularly from vehicle loans with maturities of 5–10 years, whose drawdown volumes increased already in 2023–2024.
In December 2025, the stock of vehicle loans granted by banks was EUR 5.0 billion and accounted for nearly 60% of Finnish households vehicle loan stock. The remainder of vehicle loans are granted by other financial institutions (OFIs). The annual rate of change in the stock of vehicle loans granted by OFIs was minus 5.4% at the end of September 2025.
The average interest rate on the stock of household bank loans was 3.32% in December 2025, compared with 4.14% a year earlier.
In December 2025, the average interest rate on new household loan drawdowns was 3.51%, which was also lower than a year earlier (3.87%).
The euro amount of non-performing1household bank loans and the share of non-performing loans in the loan stock declined slightly during 2025.
At the end of December, non-performing loans amounted to EUR 3.2 billion, or 2.3% of the loan stock.