Saldo Safe loan insurance

Saldo Safe loan insurance guarantees your ability to pay when you’re experiencing difficulty.

  • Affordable loan security from € 0,44 per month

  • Activate easily in MySaldo

  • Help for when you’re unemployed or unable to work

Saldo Safe - activate loan insurance in MySaldo

Loan insurance provides you with security even when you’re faced with difficult life events, such as unemployment or bereavement. However, when you insure your loan with Saldo Safe, you’re guaranteed that your loan will be taken care of, even if times get tough.

You can activate Saldo Safe loan insurance just after signing your loan agreement or if you already have a valid loan agreement. You can activate your insurance quickly and easily through MySaldo, where you can find it in under ”additional services”.

The premium you’ll be required to pay depends on the type of loan you have, your outstanding payment balance or the size of your monthly instalments:

  • Saldo Limit: monthly insurance premium from € 0.44 per month (based on on the total amount of the loan)
  • Saldo Loan: the monthly insurance premium from € 2.49 per month (based on the amount of the monthly installment)

How you take out insurance for your loan:

This is how you take out Saldo Safe loan insurance

Log in to MySaldo with your online banking ID and go to ”additional services”.

Activate loan insurance

When filling in the application, confirm that you’re currently in stable employment and do not foresee any future layoffs.

Loan insurance approved immediately

You will be notified immediately whether your application for loan insurance has been approved. The insurance premium will be billed along with your monthly instalments.

Loan insurance gives you security when life’s challenges arise

Sometimes unexpected events happen. Even if it’s easier not to think about potential rainy days ahead, it makes sense to prepare for difficult or unpleasant challenges that life often throws our way. When you’re prepared, you can enjoy life and have peace of mind.

Saldo Safe loan insurance guarantees your loan payments are taken care of in the event of unemployment, incapacity for work or death. Being prepared for these events is important for your entire family because in difficult situations such as these, it’s one less thing you’ll have to worry about.

Loan insurance is easy to activate through your MySaldo online service.

This is how Saldo Safe works, depending on the situation:

Disability:

If your doctor deems you incapacitated to work, Saldo Safe will guarantee the payment of your loan as follows:

Saldo Limit: Saldo Safe covers the monthly instalments of your Saldo Limit for up to 8 months, during which time the monthly instalments (15% of the outstanding amount of debt, max. € 1,000) will be paid from your insurance.

Saldo Loan: Saldo Safe covers the monthly instalments of the Saldo Loan for up to one year of incapacity to work. The loan is secured for a maximum of 12 months and the insurance covers the payment of monthly instalments up to a maximum of € 1,000.

Unemployment:

Once you have registered as an unemployed jobseeker and received a receipt from KELA or the Unemployment Insurance Fund, Saldo Safe will cover the payment of your loan as follows after 30 days:

Saldo Limit: Even if you’re affected by unemployment, Saldo Safe will cover the monthly instalments of your Saldo Limit for up to 8 months, during which time the monthly instalments of the loan (15% of the loan's open capital, max. € 1,000) will be paid from your insurance.

Saldo Loan: If you’re in receipt of a Saldo Loan, the loan payment is secured **for up to 12 months **in the event you’re unemployed. During this period, the insurance covers the payment of monthly instalments up to a maximum of € 1,000.

Death:

Naturally, death is something none of us want to think about. However, it’s important for the whole family that the finances are taken care of when this terrible event occurs.

Saldo Limit: Saldo Safe covers the entire loan up to € 50,000.

Saldo Loan: Loan insurance covers the entire loan up to € 50,000.

Affordable

Saldo Safe is an affordable way to securely insure your loan. We don’t apply an opening fee and the premium depends on the amount and type of loan you have.

Safe

We recommend loan insurance to all our customers. This way your loans will still continue to be taken care of, even when solvency becomes an issue.

Easy

Customers can simply apply for loan insurance through the familiar MySaldo online service and insurance premiums are invoiced along with your monthly instalments.

Frequently asked questions about loan insurance

We recommend that all our customers become familiar with Saldo Safe loan insurance. Below are answers to some of the most frequently asked questions regarding Saldo Safe. If you can't find an answer to your question below, you can always contact our customer service:

  • Email: asiakaspalvelu@saldo.com

  • Phone: 010 219 5500

Frequently asked questions