In recent years, a tight connection has emerged between modal logic on the one hand and coalgebras, understood as generic transition systems, on the other hand. Here, we prove that (finitary) coalgebraic modal logic has the finite model property. This fact not only reproves known completeness results for coalgebraic modal logic, which we push further by establishing that every coalgebraic modal logic admits a complete axiomatisation in rank 1; it also enables us to establish a generic decidability result and a first complexity bound. Examples covered by these general results include, besides standard Hennessy-Milner logic, graded modal logic and probabilistic modal logic. Key words: modal logic, coalgebra, weak completeness, finite models, decidability