Account agreement Home saving account 1 (4) Interest on the deposit Annual interest: Interest laid down in the Decree on Bonus for Home Savers, which at the time of signing the agreement is 1.00%. Bonus interest: 4.00% fixed. Deposit instalments A minimum of 150.00 euros and a maximum of 3,000.00 euros every calendar quarter. Any deposits exceeding the maximum amount will not accrue bonus interest. Savings target ( ) euros. Estimated date on which target will be reached: (dd Month yyyy). Bridging loan The estimated transaction price for the home is ( ) euros. The amount of the bridging loan is ( ) euros, however, a maximum of 90% of the purchase price of the home. The share of the account holder's required savings is 10%. Collateral The home to be purchased and, if necessary, a government guarantee are required as security for the repayment of the loan. Insurance The bank's employee ( ) has informed me of the material terms and conditions of the home saving agreement. I hereby declare that I do not own, and have never owned, a home as referred to in the Act on Bonus for Home Savers. Handling of personal data The bank maintains a customer register. The bank handles all personal data in accordance with the Personal Data Act and the legislation on credit institutions and ensures otherwise that the privacy protection and bank secrecy are complied with when handling personal data. Personal data is handled for the operations, tasks and services of the bank and for risk management purposes. The information is collected from persons registered in the bank's customer register or their representatives, public records maintained by the authorities, other reliable sources and from credit information and payment default registers. The bank also uses its customer register for direct marketing to its customers. Customers are entitled to forbid direct marketing. The description of file, as referred to in the Finnish Personal Data Act, is available at the bank's places of business in Finland and on the bank's website. The information on the customer is handled in compliance with the valid legislation. The data may be surrendered, for example, to a company based in Finland or abroad which belongs to the same domestic or foreign group or economic interest consortium as the bank at any given time or to some other company that is legally in such a position that information can be disclosed to it. Applicable terms and conditions and undertaking The terms and conditions of this account agreement, the terms and conditions of the home saver s bonus interest account (6/09), the general terms and conditions of home saving agreements (6/09) and the valid general terms and conditions of payment transmission are applicable to this account agreement. Should the general terms and conditions of payment transmission deviate from the account agreement terms and conditions, the terms and conditions of the account agreement will prevail. If the special terms and conditions of the account agreement deviate from the general terms and conditions of the account, the special terms and conditions will prevail. I have received a copy of this home saver s bonus interest account agreement, the general terms and conditions of home saving agreements and the terms and conditions of the home saver s bonus interest account. I undertake to comply with the aforementioned documents.
Terms and conditions of a home saver's bonus interest account 2 (4) Account opened after 1 January 1993 1 Definition of the account The home saver's bonus interest account (hereinafter the 'ASP account') is an account in which the bank receives deposits from a personal customer, to be withdrawn without termination for the purchase of a young person's first home. An ASP account may be opened by a person who fulfils the criteria laid out in the Act on Bonus for Home Savers (1634/1992). Before an ASP account can be opened, a home saving agreement as referred to in the Act on Bonus for Home Savers must be concluded. These terms and conditions and the tariff's general regulations governing deposits funding must be followed in the use of the ASP account. 2 Tariff The tariff stated in the terms and conditions refers to the bank s tariff, which is available in the bank s domestic branches. The bank will provide an advance notification of any changes to the tariff, which will be available in the bank s domestic branches. 3 Account transactions The bank will record all deposits to and withdrawals from the account in its accounting, which must be considered reliable evidence of the account holder's account position, unless proven otherwise by the account holder. The bank provides a statement of the account's transactions in the manner agreed with the account holder, as well as a receipt of deposits made at a branch. 4 Minimum and maximum amount of deposits The home saver undertakes to make a deposit to the ASP account in at least eight calendar quarters. The minimum and maximum amount of the deposit is laid out in the Act on Bonus for Home Savers. 5 Withdrawing funds from the account Funds may be withdrawn from the account by the account holder, his or her legal representative, a person authorised by him or her or a beneficiary of his or her will. The bank has the right to refuse a withdrawal from the account if the signature on the document authorising the withdrawal differs from the signature sample in the bank's possession, or if there is otherwise reason to suspect the right of the person presenting the document authorising the withdrawal to possess the document. For security reasons, the bank is entitled to set restrictions on the account holder's right to withdraw funds outside of his or her account-holding branch. 6 Interest and payment of interest The bank will pay interest on the funds deposited in the account in accordance with the interest declared in the tariff and laid out in the Decree on Bonus for Home Savers. The accrued interest will be added to the principal annually in January. The bank will pay interest from the depositing date up to, but excluding, the withdrawal date. The bank will pay a bonus interest on the funds deposited in the account in accordance with what has been agreed in the home saver s bonus interest account agreement. Additional interest is paid for the year the deposit was made and for a maximum of five calendar years after that. Additional interest is paid from the deposit date of each deposit amount until the first drawdown without adding the additional interest annually to the principal. The bonus interest will be paid once the account holder fulfils the terms and conditions of the home saving agreement and the deed of sale for the purchase of the home have been concluded, or once the building supervision authority has carried out the final inspection of the home built or commissioned by the account holder. 7 Payments and fees concerning maintaining and use of the account The bank is entitled to collect and deduct from the account the valid payments and fees concerning maintaining and use of the account, which are declared in the tariff. 8 Amendments to the terms and conditions of the agreement and the tariff The bank has the right to amend the account terms and conditions and its tariff. The bank will notify the account holder in writing of any amendments which will increase the account holder's obligations or decrease his or her rights and which are not due to changes in legislation or instructions by the authorities. The agreement continues as amended unless the account holder terminates the agreement in writing within three weeks of the date on which the bank has sent the notice of amendment to the address provided to the bank by the account holder. If the account holder terminates the agreement in writing, the agreement will expire on the effective date of the amendment.
Terms and conditions of a home saver's bonus interest account 3 (4) Account opened after 1 January 1993 The bank will give notice of any amendments other than the aforementioned by publishing them in its tariff. The bank will also publish in its tariff any amendments to such payments or fees which were indicated in the tariff at the time the account was opened or the introduction of which was communicated to the account holder in the appropriate manner at a later date. Any amendment which will increase the account holder's obligations or decrease his or her rights will enter into force no earlier than at the beginning of the first calendar month commencing after one month from the sending of the notification to the account holder or the publication of the amendment in the tariff. All other amendments to the account terms and conditions and the tariff will enter into force in accordance with the bank's notification. 9 Force majeure The bank is not liable for loss from force majeure or similar undue disruption of banking operations. Examples of such impediments potentially relieving the bank of liability include action taken by the authorities war or threat of war, insurrection or civil unrest a disturbance beyond the bank's control in the postal service, automatic data processing, data transmission, other electronic communications or the supply of electricity an interruption or delay in the bank's operations caused by a fire or other accident industrial action, such as strike, lockout, boycott or blockade, regardless of whether the bank is involved or not.
General terms and conditions of a home saving agreement 4 (4) A home saving agreement can be drawn up for the purchase of the home saver's first home. A home means at least half of the shares or interest conferring possession of an apartment or at least half of a one-family house. A home does not refer to a right-ofresidence flat. A person who has previously owned a home cannot become a home saver. The acquisition of ownership of a specified share of a home without consideration is not regarded as owning a home. 1 Bridging loan The bridging loan consists of an interest-subsidised loan and, if necessary, an additional loan. An additional loan is needed if the amount of loan required for purchasing the home exceeds the maximum limit of the interestsubsidised loan. The maximum limit for the interestsubsidised loan is confirmed by the Finnish Government. The interest rate collected by the bank on the interestsubsidised loan is lower than the interest rate that the bank generally applies to similar loans for the purchase of first homes. The bridging loan may be withdrawn once the terms and conditions of the home saving agreement have been fulfilled. A condition for the granting of a bridging loan is that the bank is provided with security it has accepted for the repayment of the loan. The maximum loan period of an interest-subsidised loan is 25 years, beginning from the date on which the loan or its first instalment is withdrawn. The bank has the right to refuse to grant a bridging loan if the saver's credit information contains a material registered default, or if the saver, taking into consideration his or her financial position or ability to fulfil his or her obligations, is deemed to be unable to repay the loan to the bank. During the period when interest subsidies are paid, the bank has the right to accelerate the loan partially or fully for immediate repayment if the payment of interest subsidies is ceased in part or in full. The saver and the bank will agree separately on the other terms and conditions of the interest-subsidised loan and any additional loans. 2 Cancellation of the home saving agreement and transfer to another bank The saver has the right to cancel the home saving agreement at any time. The saver may transfer the home saving agreement to another saver. If the home saving agreement is transferred to another bank during the saving period, the recipient bank will also assume the responsibility for the bonus interest accrued up to the date of transfer. 3 Termination of the home saving agreement The home saving agreement will be terminated and the saver will not be entitled to the loan or the bonus interest laid down in the agreement if (1) the saver withdraws funds deposited in or interest credited to the home saver s bonus interest account before he or she has fulfilled the terms and conditions of the home saving agreement and the transaction documents for the purchase of the home have been completed or construction has commenced, or (2) the saver acquires a home against consideration during the saving period before at least half of the deposit instalments under the valid home saving agreement have been deposited. 4 Force majeure The bank is not liable for loss arising from force majeure or other similar conditions which excessively impede the bank s operations. Examples of such impediments potentially relieving the bank of liability include action taken by the authorities war or threat of war, insurrection or civil unrest a disturbance beyond the bank's control in the postal service, automatic data processing, data transmission, other electronic communications or the supply of electricity an interruption or delay in the bank's operations caused by a fire or other accident industrial action, such as strike, lockout, boycott or blockade, regardless of whether the bank is involved or not. Service provider and supervisory authority Nordea Bank AB (publ), Finnish Branch, Satamaradankatu 5, FI-00020 NORDEA, Finland, Business Identity Code 1703218-0 tel: +358 200 70 000 (local network charge/mobile call charge). nordea.fi Nordea Bank AB (publ),finnish branch, has been registered in the Trade Register maintained by the Finnish National Board of Patents and Registration. Nordea Bank AB (publ), a public limited company, is domiciled in Stockholm, corp. reg. no. 516406-0120, registration authority the Swedish Companies Registration Office, Sweden. Nordea Bank AB (publ), a public limited company, is supervised by:
General terms and conditions of a home Finansinspektionen P.O. Box 7821, SE-103 97 Stockholm, Sweden e-mail: finansinspektionen@fi.se tel: +46 8 408 980 00 fi.se Nordea Bank AB (publ), Finnish Branch is supervised in accordance with their powers by: The Finnish Financial Supervisory Authority Snellmaninkatu 6, P.O. Box 103, FI-00101 Helsinki tel: +358 10 831 51 finanssivalvonta.fi European Central Bank (ECB) Sonnemannstrasse 22, 60314 Frankfurt am Main, Germany tel: +49 69 1344 0 In matters concerning consumer protection, procedures are also supervised by the Consumer Ombudsman: Finnish Competition and Consumer Authority, PO Box 5, 00531 Helsinki tel: +358 29505 3000 (switchboard) kkv.fi