General Terms of Use for the Elekti Comparison Service

1. Parties and Scope

These terms apply between Elekti Oy (“Elekti”) and the user of the service (“Applicant”) when using the Elekti comparison service. The Applicant is responsible for ensuring that any co-applicants have consented to the processing of their personal data and to the submission of the application.

2. Service Description

Through Elekti’s comparison service, Applicants can compare financing and insurance services. Elekti forwards the Applicant’s application to its partner institutions, which may submit offers to the Applicant. The application is forwarded to multiple partners to obtain offers. Offers received are available for up to 30 days. Elekti is not a party to the agreement for the service being compared; it only acts as a comparison platform and an intermediary, forwarding the Applicant’s application to partners. Using Elekti’s comparison service is free of charge for the Applicant.

3. Conditions for Using the Service

The Applicant must be of legal age and permanently resident in Finland. The application must include accurate, complete, and up-to-date information. Elekti checks the Applicant’s credit information in cooperation with credit information providers.

4. Data Protection and Security

Elekti collects and processes personal data for the purposes of processing the application, forwarding offers, and marketing. Personal data is processed only to the extent necessary. More details on personal data processing can be found in Elekti’s Privacy Policy at https://elekti.fi/tietosuojaseloste/.

Personal data may be disclosed to:

  • Partner institutions for the purpose of providing offers
  • Technical service providers (e.g., system and communication platforms)
  • Credit information providers for credit checks

Partners may process the Applicant’s personal data according to their own privacy policies and may conduct their own searches from third-party registers, such as credit information services or official registers. In these cases, partners act as independent data controllers. We encourage you to carefully review each lender’s privacy practices.

Elekti is responsible for the security of its own service. The Applicant is responsible for the security of their own devices and network connections.

5. Consent to the Credit Information Inquiry System

I hereby give my consent and authorization to lenders cooperating with Elekti Oy to collect, process, and disclose information obtained from other lenders regarding my previous loans for the purpose of processing my credit application and making a credit decision. The information is requested from participating companies via the Consumer Credit Inquiry System maintained by Suomen Asiakastieto Oy.

Information obtained through the Consumer Credit Inquiry System is processed solely by lenders cooperating with Elekti Oy, and Suomen Asiakastieto Oy acts as the technical intermediary for the transmission of the data. The data processed concerns credit agreements and the servicing of such credits.

The information is collected and used exclusively for the processing of the credit application and is not disclosed to third parties without a statutory obligation. Authorities may have access to the data in the performance of their statutory duties.

The data is disclosed via the Consumer Credit Inquiry System maintained by Suomen Asiakastieto Oy. The credit applicant has the right to review to which parties and what data has been disclosed through the system. The right of access is exercised through Suomen Asiakastieto Oy.

Privacy notice:
https://www.asiakastieto.fi/web/en/about-us/privacy-notice.html

6. Awareness of the Use of the Positive Credit Register

I acknowledge that the lender may collect and process my credit and income information obtained from the Positive Credit Register maintained by the Finnish Tax Administration’s Incomes Register Unit. The lender may use this information for processing the loan application, assessing creditworthiness, and verifying that the information is up to date. The lender may also report my credit information to the Positive Credit Register.

7. Dispute Resolution and Applicable Law

I acknowledge that the lender may collect and process my credit and income information obtained from the Positive Credit Register maintained by the Finnish Tax Administration’s Incomes Register Unit. The lender may use this information for processing the loan application, assessing creditworthiness, and verifying that the information is up to date. The lender may also report my credit information to the Positive Credit Register.

8. Limitation of Liability

Elekti is not responsible for the content of offers from its partners, the terms included in them, the processing of information by partners, or any temporary unavailability of the service. Elekti is not liable for any indirect damages that may result from the use of its service.

9. Other Terms

The Applicant must be at least 20 years old, legally competent, and permanently resident in Finland. The Applicant agrees to provide accurate information in the application. Elekti will verify the Applicant’s credit information.

10. Contact Information

Elekti Oy

Länsituuli 6, 02100 Helsinki

Email: info@elekti.fi

Phone: 010 299 8840