Social loans

Wellbeing services counties provide social loans for their residents. The loans are intended for persons who do not have access to other loans due to factors such as lacking collateral or credit default entries. Social loans can be granted even if the person receiving the loan has debts in recovery or enforcement.

The wellbeing services counties define their own criteria for granting social loans and the terms and conditions for repayment. Social loans can be granted for justified reasons, such as

• balancing of one’s finances
• breaking a cycle of debt
• household purchases
• supporting employment and rehabilitation
• securing housing
• resolving crisis situations.

The purpose of the loans is to prevent economic exclusion and over-indebtedness and to promote the independent coping of a person or family.

For example, you can ask about the terms and conditions from social services or the actors in the wellbeing services county. Learn more on the Ministry of Social Affairs and Health's website