Upload
william-mcbride
View
212
Download
0
Tags:
Embed Size (px)
Citation preview
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?
© Federation of Finnish Financial Services
% of respondents (2 393 in 2012)
SAVINGS AND INVESTMENT
Do you hold savings or investments at the moment? ”YES”
© Federation of Finnish Financial Services
SAVINGS AND INVESTMENT VEHICLES
Which of the following vehicles do you hold?
© Federation of Finnish Financial Services
SAVING AND INVESTMENT CRITERIA
© Federation of Finnish Financial Services
% 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?
© Federation of Finnish Financial Services
BORROWING PLANS
Are you planning to take a new loan or credit during the next 12 months? ”YES”
% of respondents (n=2,393 in 2012)
© Federation of Finnish Financial Services
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)
© Federation of Finnish Financial Services
AVERAGE HOME LOANS
Respondents who currently have a home loan (n=755 in 2012)€
How big is your home loan at the moment?
© Federation of Finnish Financial Services
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?"
© Federation of Finnish Financial Services
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)
© Federation of Finnish Financial Services
CHANGES IN REPAYMENT PLANS
% of respondents (n=1,275 in 2012)
"Have you repaid the loans according to the original plan or have you made changes to the original repayment plan?"
© Federation of Finnish Financial Services
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)
© Federation of Finnish Financial Services
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)
© Federation of Finnish Financial Services
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)
© Federation of Finnish Financial Services
INTEREST RATE CAP
Do you have an interest rate cap on your loan to ensure interest payments stay within agreed limit?
© Federation of Finnish Financial Services
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)
© Federation of Finnish Financial Services
USE OF INTERNET
© Federation of Finnish Financial Services
% of respondents (n=2393 in 2012)
%
TYPICAL WAYS OF PAYING BILLS
© Federation of Finnish Financial Services
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?
© Federation of Finnish Financial Services
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)
© Federation of Finnish Financial Services
AWARENESS OF ELECTRONIC BILLING
Do you know what an electronic bill is?
Of respondents (2393 in 2012)
© Federation of Finnish Financial Services
PAYING FOR DAILY SHOPPING
How do you pay your daily shopping normally?
of respondents (2393 in 2012)
© Federation of Finnish Financial Services