ASP account (asuntosäästöpalkkio)
An ASP account is a savings account for first-home buyers, where you save at least 10 % of the home price over at least 20 months (50-1,500 e/month), and in return get an interest subsidy on the ASP loan and a free state guarantee up to 90 % of the purchase price.
In practice, the ASP account is a way to save for your first home so that the state shares the interest and guarantee risk with you. You open the account at age 15-18, deposit 50-1,500 e in at least 20 different months, and build up at least 10 % of the home price in your own savings. You finance the rest with an ASP loan in which the state takes part.
The benefits come at the loan stage. If the loan interest rises above 3,8 %, the state pays an interest subsidy of 70 % of the part above that, for up to 10 years, so a high interest rate hits you more gently. The loan also comes with a free state guarantee up to 90 % of the home’s purchase price, which can reduce the extra collateral or own money the bank requires.
These terms follow the reform of 1.6.2026. Check your own bank’s ASP interest rate and any extra interest bonus, because banks compete on those, and make sure your deposits stay within the 50-1,500 e monthly range so your saving pace stays valid. Note that the first-home exemption from the transfer tax (varainsiirtovero) ended on 1.1.2024, so an ASP buyer also pays the transfer tax.
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