The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.

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Small loan company

A company whose principal business activity is granting of small or smallish unsecured consumer credits with a typical original maturity, or repayment term, of less than three months. These loans are typically paid back in one or just a couple of instalments. In addition, the loans generally carry no actual nominal rate of interest, but all their costs usually arise from other expenses, such as handling and processing fees, and service and SMS charges. The services of a small loan company can typically be ordered by SMS or via the Internet, whereby the loan is at the client's disposal very quickly.

Statistics using the definition

Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • Tilastokeskus