Fixura peer-to-peer loan — reviews and alternative
Fixura is Finland’s first peer-to-peer loan platform, operating since 2010. Here you’ll find its background, rates, reviews — and when a classifieds board is worth considering as an alternative.
Short answer: what Fixura is and who it suits
Fixura is the oldest peer-to-peer lending operator in Finland and the first in the Nordics, having started in 2010. For a borrower it works much like any other platform: an online application, an automatic credit check, a credit grade and a rate that follows from it. For an investor it was for years the standard way into Finnish consumer credit risk without picking individual borrowers.
Its history is also the reason to read the current terms carefully rather than rely on reputation. The Finnish peer-to-peer sector has consolidated considerably: operators have changed ownership, moved under licences or stopped new lending. Anything you read about a platform’s terms — including on this page — should be checked against the operator’s own current pages before you apply or invest.
Fixura does not suit an applicant with a payment default entry, because the credit check is automatic and absolute. Nor does it suit anyone who wants to negotiate the rate and the schedule personally. In those cases a classifieds board is a different tool for the same need. Vertaislaina24 receives no compensation from Fixura and does not direct traffic there for a fee — this page is comparative information, not a recommendation.
Overview of the topic
Fixura Ab is a Vaasa-based peer-to-peer platform that started in 2010. It intermediates loans between private individuals and operates in the FIN-FSA register.
Through Fixura, investors can invest small amounts (from €25) diversified across many loans. A loan to a borrower is €1,000–50,000, term 1–8 years, rate 5–25% depending on credit rating.
Vertaislaina24 works differently — we do not intermediate loans, we publish listings where borrower and investor find each other. All agreements are made directly, and our only part is publishing the listing (free/€3 for borrowers, €10 for investors).
Fixura terms in numbers
| Party / route | Amount | Term | Interest | Costs | Credit check |
|---|---|---|---|---|---|
| Fixura, borrower | €1,000–20,000 | 1–10 yrs | 6–18 % nominal | Arrangement fee + monthly charge | Always |
| Fixura, investor | from €25 per loan | per loan | gross yield 6–10 % | Service fee on the return | Handled by the platform |
| Fellow Finance (comparison) | €1,000–60,000 | 1–10 yrs | 6–18 % nominal | Arrangement fee + monthly charge | Always |
| Bank consumer loan (benchmark) | €2,000–50,000 | 1–15 yrs | 5–12 % nominal | Drawdown fee + account charge | Always |
| Direct agreement on a classifieds board | parties agree | parties agree | parties agree | only the listing fee | None automatically |
The figures are orders of magnitude from public terms and market practice in August 2026, not an offer, and platform terms change. The comparable number is always the annual percentage rate with costs included — work it out with the loan calculator.
Fixura and the history of Finnish peer-to-peer lending
Fixura opened in 2010 as the first peer-to-peer marketplace in the Nordics, three years before Fellow Finance. The founding promise was the same one that drove the sector everywhere: remove the bank from between the saver and the borrower, and split the margin between them. For a period this worked well enough that Finland had a genuine alternative consumer credit channel outside the banks.
What followed is the more instructive part. The platforms became intermediaries in their own right, with their own fees, their own scoring models and eventually their own regulation. Credit losses turned out to be higher and more cyclical than early return figures suggested, and investors learned that a nominal rate and a realised return are different things. Consolidation followed: operators changed hands, moved under banking licences or stopped originating new loans.
For anyone reading about Fixura today the practical conclusion is straightforward. Verify the current terms, the current ownership and the current status from the operator’s own pages and from the Financial Supervisory Authority before committing money in either direction. The Finnish peer-to-peer market is small — well under one per cent of the €17–18 billion consumer credit stock — and small markets change shape quickly. The alternatives are compared on P2P loan in Finland.
Source: Fixura public releases and reviews, Bank of Finland monetary financial institution statistics and Financial Supervisory Authority releases on peer-to-peer lending; data checked in August 2026.
How a platform application proceeds
The stages are the same on every regulated platform. Knowing them tells you exactly where an application can fail and why arguing afterwards rarely helps.
- 1
Application and strong identification
An online application with identification by bank credentials. The form requires an identity code, income details and information on existing debts.
- 2
Automatic credit check
Credit data is retrieved from the register. A payment default entry ends the application here — see what remains when that happens.
- 3
Credit grade and rate
The applicant receives a grade that determines the interest range. It is produced by a model and cannot be negotiated or explained away.
- 4
Funding by investors
The loan is split into pieces that investors fund. Strong grades fill quickly; weaker ones may remain partly unfunded and lapse.
- 5
Drawdown and payment plan
The money is paid to the borrower’s account and a repayment schedule begins. Check the annual percentage rate at this point, not the nominal rate.
- 6
Collection if payments stop
The platform handles reminders and collection; investors have no contact with the debtor. In a direct agreement all of that falls on the creditor personally.
Route planner: three questions, one recommendation
Peer-to-peer lending is not a single product but a set of different routes. Answer three questions to see which route fits your situation and what to read next. The tool collects nothing and sends nothing to a server — everything runs in your browser.
Recommended route
Answer all three questions to see the recommendation.
Below €2,000 an arrangement fee eats the largest relative share of the loan. Write a listing that states the purpose and the repayment dates, and work out the total cost with the loan calculator before you agree on a rate. Background: how P2P lending works in Finland.
The most common P2P range. Compare the platforms’ real annual cost against your own offer first: Fellow Finance, Fixura. If you want to agree directly, write the agreement terms down before any money moves.
Above €15,000 collateral and witnesses are not a formality. Go through the contract terms clause by clause and check the risks on both sides before signing.
With a small pot, diversification is the only protection you have. Do not put everything into one listing — read how to calculate expected return and credit losses and follow the active listings before the first agreement.
At this size it is worth comparing platform investing and a direct agreement side by side: the platform handles collection, a direct agreement leaves the whole interest to you. Background: P2P mechanics and AuroraX.
With large sums, collateral and enforceability decide whether you get your money back. Read the terms, the risks, and check what a credit default actually means for the counterparty.
Even a small loan to a friend is worth putting in writing. Use a promissory note structure and add a reference in the bank transfer message field — that is the only proof when memories differ.
Write down the interest, the due dates and the consequence of late payment. Without a written interest the debt is interest-free, and without due dates late-payment interest never starts running. See the wording of each clause.
For a large promissory note, two witnesses and collateral are the practical minimum. Read the agreement terms and the risk list before signing.
A clean credit record is a negotiating asset: say plainly in the listing that there are no entries, and the other side dares to offer a lower rate. The cheapest route is still usually a bank consumer loan — put that out to tender first and use P2P only if the terms are not acceptable.
A payment default closes the bank and most platforms, because they run an automatic credit check. On a classifieds board a default does not block publishing, but honesty pays: read what options remain and how to word the listing.
If you do not know the state of your credit record, check it before applying for anything. You can obtain your own credit data free of charge once a year from the register keeper. After that you know whether to go to a bank or straight to the listings board.
What a platform requires from an applicant
These conditions are public and checked mechanically. If one is unmet, the application does not reach a human at any point.
Age and residence in Finland
Typically at least 20 years old with a permanent Finnish address. Residence abroad normally rules out an application even for a Finnish citizen.
Regular verifiable income
Salary, pension or steady self-employment income sufficient for the instalment after other debts have been serviced.
A clean credit record
An active payment default entry blocks the application in practice always. The alternatives are on P2P loan without a credit check.
A Finnish bank account
Strong authentication and a domestic account are required for both borrowers and investors, whose funds move through the platform’s client funds account.
If the application is rejected
A platform rejection is automated, so there is rarely anything to appeal. Work out instead which of three reasons applied: a payment default entry, insufficient repayment capacity against existing debts, or too short an income history. Only the first is lasting.
Resist the urge to apply everywhere at once. Each credit enquiry leaves a trace, and several in a short window signal to the next lender exactly what you would rather not signal. One application, then a few weeks of pause.
- Obtain your own credit report free of charge once a year and check what it actually says.
- Reduce the amount. The same applicant is often refused €15,000 and approved for €5,000.
- Calculate the instalment against real repayment capacity with the loan calculator before reapplying.
- Consider a guarantor or collateral — either one moves risk away from the lender.
- If the reason was an entry, read which routes stay open rather than reapplying blind.
Fixura weighed up
Advantages: what this route gives you
- +The longest track record of any Finnish peer-to-peer operator.
- +Terms are public and can be verified independently.
- +An investor gets diversification across many loans without selecting them.
- +Collection and payment administration are handled for the investor.
Drawbacks and limits: where it breaks down
- −Costs compound: arrangement fee, monthly charge and the investor service fee.
- −The credit grade is produced by a model and is not negotiable.
- −An investor’s realised return falls well short of the nominal rate once losses are counted.
- −Sector consolidation means current terms must be verified rather than assumed.
Who this is not for
- ×Anyone with an active payment default entry.
- ×Small needs where fixed fees consume the benefit.
- ×Anyone who wants to negotiate the rate and schedule personally.
- ×An investor who may need the capital back before the loans mature.
Fixura vs. Vertaislaina24
Platform
- • Automatic diversification
- • Credit rating + scoring
- • Service fee from investor (~2%)
- • Loan rate 5–25%
- • Collection handled by Fixura
Vertaislaina24
- ✓ Investor picks the listing
- ✓ No scoring — negotiate with borrower
- ✓ Only a listing fee (€10)
- ✓ Rate agreed directly
- ✓ Collection is your responsibility
Legal framework: which act governs what
A licensed platform granting consumer credit falls under Chapter 7 of the Consumer Protection Act: information duties, disclosure of the annual percentage rate, an assessment of creditworthiness and a right of withdrawal. Professional lending also requires registration under Act 186/2023, and the Financial Supervisory Authority supervises licensed operators and maintains a warning list of those without authorisation in Finland.
None of that applies to a loan agreed directly between two private individuals. There the Promissory Notes Act 622/1947 governs the form and transfer of the note, and the Interest Act 633/1982 governs late-payment interest — the reference rate plus seven percentage points if nothing else has been agreed. There is no rate cap, but Chapter 36 Section 6 of the Criminal Code 39/1889 prohibits usury and Section 36 of the Contracts Act 228/1929 lets a court moderate an unreasonable term.
This distinction is the single most useful thing to understand before choosing a route. A platform buys you consumer protection at the price of fees and an unnegotiable grade; a direct agreement buys you negotiable terms at the price of that protection. The service’s own position — neither lender nor intermediary — is described on legal status.
| Act | Number | What it governs | Practical consequence |
|---|---|---|---|
| Promissory Notes Act | 622/1947 | Form, transfer and limitation of a promissory note | A written note is valid without a notary; transfer requires notice to the debtor |
| Interest Act | 633/1982 | Late-payment interest and how the rate is set | Without a contract term, late interest is the reference rate + 7 percentage points |
| Consumer Protection Act | 38/1978, ch. 7 | Consumer credit granted by a trader | Does not cover a loan between two private individuals — but does cover anyone lending professionally |
| Criminal Code | 39/1889, 36:6 | Usury | A clearly disproportionate rate can be a criminal offence, not merely an invalid term |
| Contracts Act | 228/1929, §36 | Adjustment of an unreasonable term | A court can afterwards moderate the interest or the payment terms |
| Act on Registration of Certain Credit Providers | 186/2023 | Registration of credit providers and intermediaries | Professional lending requires registration; a classifieds board is not credit intermediation |
The table is a general overview, not legal advice. In an individual case, use a lawyer or the municipal financial and debt counselling service.
Spotting a scam before the money leaves
In agreements made directly between private individuals there is no platform background check, so recognising fraud is the parties’ own responsibility. These signals repeat in almost every case we have heard about.
- An advance fee before the loan. There is no situation in which receiving a loan requires a “handling fee”, “insurance fee” or “notary fee” paid up front. This is the most common loan scam in Finland.
- Urgency and deadlines. “The offer is valid for one hour” is pressure, not a term. A real lender gives you time to read the agreement.
- Contact only through a messenger where messages disappear. Ask for every term in writing, by email or in the agreement itself.
- The counterparty refuses to give a personal identity code or business ID for the agreement. Without identification a promissory note cannot be enforced.
- A request to send money to a third person’s account, in cryptocurrency or on a payment card. A lawful loan is paid by bank transfer to the named party’s account.
- For investors: the applicant wants the money immediately but refuses to sign a promissory note. Without a written agreement, collection is practically impossible.
If you suspect a crime, report it to the police. Lender registration can be checked in the register kept by the Regional State Administrative Agency for Southern Finland, and the Finnish Financial Supervisory Authority maintains a warning list of operators without authorisation in Finland. More on this on risks of P2P lending.
Scam messages circulate in the names of well-known platforms, typically asking for a fee to “release” an approved loan. No licensed lender charges anything before the credit is drawn down. Verify any contact through the operator’s own official site rather than through a link in the message.
How the listings board actually works
Vertaislaina24 is not a platform that slices loans into pieces and runs the payments. It is a classifieds board: you write a listing, the other party gets in touch, and everything after that happens between the two of you. Four steps cover the whole process.
Listing
You state the amount, the term you want, your interest expectation and a short justification. The more concrete the text, the fewer pointless contacts. Prices are on the pricing page.
Contact
The other party contacts you through the service. We do not score either side and we do not recommend anyone — the judgement is yours. You can browse active listings without registering.
Agreement
Terms go into a written promissory note before any money moves. The wording of each clause is on loan agreement terms.
Payments
Money moves directly between bank accounts. The service neither receives nor forwards payments, so the transfer visible on your bank statement is itself your proof of payment.
Vertaislaina24 does not grant loans, does not broker them and takes no part in payments between the parties. We are not a credit institution and not a credit intermediary, and we charge no interest or commission on any loan. The only charge is the fee for publishing a listing.
Glossary: the words the terms are written in
The same thing often goes by three names in P2P discussions. These six terms are enough to read a draft agreement without help.
- Nominal interest
- The annual rate written into the agreement, excluding fees. Two loans with the same nominal rate can cost very differently if one carries an arrangement fee.
- Annual percentage rate
- The rate with all mandatory costs included. The comparable figure, which you can work out yourself with the loan calculator.
- Annuity
- A repayment method where the monthly instalment stays the same and the interest share of it shrinks over time. The most common model in private agreements too.
- Late-payment interest
- Interest that runs after the due date. Under the Interest Act 633/1982 it is the reference rate + 7 percentage points unless otherwise agreed.
- Payment default entry
- An entry in the credit information register for a neglected payment. It affects borrowing for years — see what a default actually blocks.
- Collateral
- Property from which the debt can be recovered if the debtor does not pay. Without collateral the creditor is an ordinary creditor among others.
Frequently asked questions
Is Fixura reliable? +
Fixura is Finland’s oldest P2P platform and operates in the FIN-FSA register, so its background is transparent. Investor principal can still suffer.
What return does Fixura give? +
Investors’ average return in recent years has been 6–12% per year from a diversified investment after fees.
Can I borrow from Fixura without credit history? +
No. Fixura always runs a credit check and rating. A payment default usually prevents a loan.
Can I sell a Fixura claim onward? +
Yes, Fixura has a secondary market where investors can sell claims to other investors.
Is there a minimum deposit on Fixura? +
You can start investing with €25. The minimum investment per loan is usually €25.
How does Fixura differ from Fellow Finance? +
Both are Finnish peer-to-peer operators with broadly similar mechanics: automated scoring, loans split among investors, and collection handled centrally. The differences lie in loan size ranges, fee structures and corporate history — Fellow Finance moved under a banking licence in 2022. Check both operators’ current terms directly before choosing.
Is my capital protected as an investor? +
No. There is no deposit guarantee and no capital protection in peer-to-peer lending. Credit losses come off the return first, and in a bad year they can exceed it. Diversification across many loans is the only protection that costs nothing — the arithmetic is on invest in P2P lending.
Can a platform loan be repaid early? +
In consumer credit, yes — early repayment is a statutory right and interest is charged only for the actual credit period. That right does not exist automatically in an agreement between private individuals, where it has to be written into the note. See loan agreement terms.
What happens to my investment if a platform ceases operating? +
The loans themselves remain valid claims, but the practical administration of them — collection, reporting, payment routing — depends on how the wind-down is arranged. This is operator risk, and it is a genuine reason to spread capital across more than one channel rather than concentrating it.
Does a rejected application harm my credit record? +
The rejection itself is not recorded, but the credit enquiry is. Several enquiries in a short period read as a warning sign to the next lender even if none of them led anywhere. Space applications out rather than sending them in parallel.
What is the difference between a platform and this service? +
A platform scores applicants, distributes money and runs collection, and charges fees for doing so. Vertaislaina24 does none of that: it publishes listings and leaves the agreement entirely to the parties. We are not a credit institution and not a credit intermediary — pricing is on the pricing page.
Read next
If a platform is not the right route, these pages explain what is — written on the same logic of cost, risk and what the law actually says.
- Fellow Finance — the closest comparison and what its banking licence changed.
- AuroraX — the Nordic alternative and what to check in its terms.
- P2P loan in Finland — how the money moves and who carries the risk.
- Invest in P2P lending — expected return and credit losses in full.
- Risks of peer-to-peer lending — both sides without varnish.
- Loan agreement terms — the contract when there is no platform.
- What is peer-to-peer lending — the concepts explained plainly.
Want to pick the loan yourself without platform fees?
Vertaislaina24 is a classifieds board — you pick the listing and agree terms directly.
Publishing a listing is not a loan application and binds neither party to anything. Vertaislaina24 does not grant loans and does not broker them.
Publisher: Vertaislaina24 — a private-individuals’ listings board operated by NET Partner OÜ (est. 2007). We are not a bank, lender or credit intermediary. About us · Legal status
Sources (Finlex): Korkolaki 633/1982, Oikeustoimilaki 228/1929, Velkakirjalaki 622/1947, Laki 186/2023, Finanssivalvonta. Content is checked against public sources and is not legal advice.