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SAVING, BORROWING AND PAYING IN FINLAND
Spring 2012
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SURVEY
© Federation of Finnish Financial Services
Coverage2,393 (aged 15 to 74)
Sample is large enough to be reliable
Representative random sample, Finland in miniature
Time of interviews: January-February 2012, one year after previous survey
Interviewed by: IRO Research Oy
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CURRENT FINANCIAL SITUATION
Which of the following statements describes your financial situation?
© Federation of Finnish Financial Services
% of respondents (2 393 in 2012)
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SAVINGS AND INVESTMENT
Do you hold savings or investments at the moment? ”YES”
© Federation of Finnish Financial Services
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SAVINGS AND INVESTMENT VEHICLES
Which of the following vehicles do you hold?
© Federation of Finnish Financial Services
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SAVING AND INVESTMENT CRITERIA
© Federation of Finnish Financial Services
% of respondents (2.393 in 2012)
How much was your choice of savings or investment vehicle impacted by the following factors?
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CREDIT SITUATION
% of respondents (n=2,393 in 2012)
Do you hold a loan or credit at the moment?
© Federation of Finnish Financial Services
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BORROWING PLANS
Are you planning to take a new loan or credit during the next 12 months? ”YES”
% of respondents (n=2,393 in 2012)
© Federation of Finnish Financial Services
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HOUSING LOAN REPAYMENT PERIOD, 2012
What was the original repayment period of your housing loan?
% of housing loans taken during the last two years (n=235 in 2012)
© Federation of Finnish Financial Services
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AVERAGE HOME LOANS
Respondents who currently have a home loan (n=755 in 2012)€
How big is your home loan at the moment?
© Federation of Finnish Financial Services
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HOW MUCH OF HOME PURCHASE IS FINANCED WITH LOAN, BROKEN DOWN BY LOAN SIZE
"Roughly how many percent of your home purchase was financed with loan?"
© Federation of Finnish Financial Services
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RATIO OF DEBT SERVICE COSTS TO DISPOSABLE INCOME
Approximately, how many percent of your monthly net income is used for installments and interest on loans?
%, covers those who have loan of any kind (n=1275 in 2012) or housing loan (n=755 in 2012)
© Federation of Finnish Financial Services
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CHANGES IN REPAYMENT PLANS
% of respondents (n=1,275 in 2012)
"Have you repaid the loans according to the original plan or have you made changes to the original repayment plan?"
© Federation of Finnish Financial Services
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RISK FACTORS IN PERSONAL FINANCES
Which of the following risk factors do you see as a threat to your financial situation?
% of respondents (n=2393 in 2012)
© Federation of Finnish Financial Services
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RISKS AFFECTING HOME LOANS
What risks do you think may affect your housing loan?
% of those who see risks that may affect their housing loans (n=104 in 2012)
© Federation of Finnish Financial Services
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LOANS COVERED BY LOANS INSURANCE
Are any of your loans covered by payment protection insurance which secures repayment of the loan?% of respondents who have a loan (n=1275 in 2012) or housing loan (n=755 in 2012)
© Federation of Finnish Financial Services
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INTEREST RATE CAP
Do you have an interest rate cap on your loan to ensure interest payments stay within agreed limit?
© Federation of Finnish Financial Services
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PREPARING FOR INTEREST RATE RISES
Are you prepared for possible interest rate rises which would raise the cost of servicing your housing loan?
% of respondents who have a housing loan (n=755 in 2012)
© Federation of Finnish Financial Services
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USE OF INTERNET
© Federation of Finnish Financial Services
% of respondents (n=2393 in 2012)
%
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TYPICAL WAYS OF PAYING BILLS
© Federation of Finnish Financial Services
of respondents (2393 in 2012)
What is the most typical way you pay your bills?
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RECEIVING BILLS ELECTRONICALLY
% of those who pay bills on the web
Do you receive e-bills to your online banking site?
© Federation of Finnish Financial Services
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APPROACH TO ELECTRONIC BILLING
Would you like to get e-bills to your online banking site?
Of those who pay bills online but do not receive e-bills (1362 in 2012)
© Federation of Finnish Financial Services
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AWARENESS OF ELECTRONIC BILLING
Do you know what an electronic bill is?
Of respondents (2393 in 2012)
© Federation of Finnish Financial Services
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PAYING FOR DAILY SHOPPING
How do you pay your daily shopping normally?
of respondents (2393 in 2012)
© Federation of Finnish Financial Services