SAVING, BORROWING AND PAYING IN FINLAND Spring 2012

SAVING, BORROWING AND PAYING IN FINLAND

Spring 2012

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

CURRENT FINANCIAL SITUATION

Which of the following statements describes your financial situation?


% of respondents (2 393 in 2012)

SAVINGS AND INVESTMENT

Do you hold savings or investments at the moment? ”YES”


SAVINGS AND INVESTMENT VEHICLES

Which of the following vehicles do you hold?


SAVING AND INVESTMENT CRITERIA


% of respondents (2.393 in 2012)

How much was your choice of savings or investment vehicle impacted by the following factors?

CREDIT SITUATION

% of respondents (n=2,393 in 2012)

Do you hold a loan or credit at the moment?


BORROWING PLANS

Are you planning to take a new loan or credit during the next 12 months? ”YES”



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)


AVERAGE HOME LOANS

Respondents who currently have a home loan (n=755 in 2012)€

How big is your home loan at the moment?


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?"


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)


CHANGES IN REPAYMENT PLANS


"Have you repaid the loans according to the original plan or have you made changes to the original repayment plan?"


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)


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)


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)


INTEREST RATE CAP

Do you have an interest rate cap on your loan to ensure interest payments stay within agreed limit?


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)


USE OF INTERNET


% of respondents (n=2393 in 2012)

%

TYPICAL WAYS OF PAYING BILLS


of respondents (2393 in 2012)

What is the most typical way you pay your bills?

RECEIVING BILLS ELECTRONICALLY

% of those who pay bills on the web

Do you receive e-bills to your online banking site?


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)


AWARENESS OF ELECTRONIC BILLING

Do you know what an electronic bill is?

Of respondents (2393 in 2012)


PAYING FOR DAILY SHOPPING

How do you pay your daily shopping normally?

of respondents (2393 in 2012)


Documents

SAVING, BORROWING AND PAYING IN FINLAND Spring 2012