Get a loan today
Loans in Sweden the intelligent way
Free, 100% digital comparison
Save money with lower interest rates
Instant answers from up to 39 Swedish lenders
We recommend applying to more than one loan provider to improve your chances. It’s 100% non-binding – and if you’re approved and accept the offer, you still have 14 day cancellation right.
Recommended
Amount
SEK 5.000 – 90.000
(≈ USD 500 – 9.300)
Term
12-72 months
Interest rate
20%
Verified Company
Borrow without credit check from UC
Payment on the same day
Example: A loan of SEK 30,000 at 20% nominal fixed interest, SEK 300 arrangement fee, SEK 30 monthly administration fee with a repayment period of 60 months gives an effective interest rate of a total of 25.03%. Arrangement fee is paid with the first monthly payment. This gives a total of SEK 49,957.85 to be repaid in 60 installments of SEK 832.64.
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 5.000 – 800.000
(≈ USD 500 – 83.000)
Term
12-240 months
Interest rate
4,95 – 23%
Example: Annuity loan 12 years, amount 400,000 SEK, variable interest rate 7.99%, arrangement cost 400 SEK, avi fee 20 SEK, gives an effective interest rate of 8.41%. Total amount to be repaid 626,457 SEK, divided into 144 repayments, gives a monthly cost of 4,348 SEK. Repayment period 1-20 years. Maximum interest rate is 23.00%. Interest rate range between: 4.95% – 23.00%. Updated 2025-03-01
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 10.000 – 600.000
(≈ USD 1.000 – 63.000)
Term
12-180 months
Interest rate
6,23 % – 27,80 %.
Verified Company
You will receive an offer immediately
Collect small loans and credits
Example: The credit interest rate is 23.00%. The annual fee is 0 SEK. When using a credit of 10,000 SEK with repayment through 12 monthly payments of 941 SEK, the effective interest rate is 25.59%. The total amount to be repaid is 11,292 SEK. The example is calculated in March 2025 and the interest rate is variable.
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 5.000 – 800.000
(≈ USD 500 – 83.000)
Term
12-240 months
Interest rate
4,95% – 23%
Example: Annuity loan 12 years, amount 400,000 SEK, variable interest rate 7.99%, arrangement cost 400 SEK, avi fee 20 SEK, gives an effective interest rate of 8.41%. Total amount to be repaid 626,457 SEK, divided into 144 repayments, gives a monthly cost of 4,348 SEK. Repayment period 1-20 years. Maximum interest rate is 23.00%. Interest rate range between: 4.95% – 23.00%. Updated 2025-03-01
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 10.000 – 150.000
(≈ USD 1.000 – 15.800)
Term
24-144 months
Interest rate
22,95 %
Example:*Annuity loan 5 years, effective annual interest rate 26.5%. A loan of SEK 60,000 costs SEK 1,709/month (60 installments), a total of SEK 42,821 incl. SEK 199 in arrangement fee and SEK 19 in avia fees. 22.95% nominal interest. Variable interest rate. Banky collaborates with Nordiska Kreditmarknadsaktiebolaget. Updated 2025-02-28.
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 10.000 – 800.000
(≈ USD 1.000 – 83.000)
Term
12-144 months
Interest rate
4,95 %-23 %
Example: Annuity loan 12 years. Effective annual interest rate 9.63%. A loan of SEK 200,000 then costs SEK 2,302/month (144 installments), i.e. a total of SEK 331,495. No start-up/termination fee. 9.23% nominal interest rate (variable interest rate, set individually based on your circumstances). The application will be sent to the lenders that best match your profile, updated 2025-01-09.
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 1.000 – 20.000
(≈ USD 105 – 2.000)
Term
12-36 months
Interest rate
22 %
Example: Borrow SEK 15,000 for 24 months. Total repayment SEK 18,847, or SEK 785 per month. Annual fixed interest rate 22%. Effective annual interest rate 28%, Set-up fee SEK 350. Total cancellation fees SEK 59.
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 2.000 – 200.000
(≈ USD 210 – 21.000)
Term
4-19 months
Interest rate
23 %
Example: A credit of SEK 14,000 at 23.00% interest with a repayment period of ten months (with ten repayments of SEK 2,542, SEK 1,889, SEK 1,860, SEK 1,832, SEK 1,803, SEK 1,775, SEK 1,746, SEK 1,718, SEK 1,689 and SEK 1,661) and SEK 588 in arrangement fee, SEK 1,780 in Minimum to pay amount and SEK 600 in avi fees gives an effective interest of a total of 78.26%. The total amount to repay is SEK 18,517.
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Amount
SEK 5.000 – 800.000
(≈ USD 500 – 84.000)
Term
12-240 months
Interest rate
4,9 – 22,95 %
Example: A credit of SEK 14,000 at 23.00% interest with a repayment period of ten months (with ten repayments of SEK 2,542, SEK 1,889, SEK 1,860, SEK 1,832, SEK 1,803, SEK 1,775, SEK 1,746, SEK 1,718, SEK 1,689 and SEK 1,661) and SEK 588 in arrangement fee, SEK 1,780 in Minimum to pay amount and SEK 600 in avi fees gives an effective interest of a total of 78.26%. The total amount to repay is SEK 18,517.
Borrowing costs money.
If you are unable to repay your debt on time, you risk getting a payment default. This can make it harder to rent a home, sign contracts, or obtain new loans. For support, contact the municipal budget and debt counselling service. You can find contact information at konsumentverket.se.
Loan Sweden
At LoansSweden we try to simplify the loan process in Sweden by providing clear and straightforward information on securing a loan. From understanding the basic requirements to choosing the right type of loan for your needs, we’ll walk you through each step to ensure you make informed decisions in your financial journey.
Eligibility and Requirements for getting a loan in Sweden
To secure a loan in Sweden, foreigners must meet specific criteria.
Here’s an overview of the essential requirements:
- Residency Status: Applicants typically must be registered residents in Sweden, holding either a permanent residency or a long-term visa.
- Swedish Personal Identity Number (Personnummer): This is crucial for almost all financial transactions and registrations in Sweden.
- Stable Income: Proof of a steady, reliable income is necessary to assure lenders of your ability to repay the loan.
- Credit History: A good credit score in Sweden or evidence of a positive credit history in your home country can be beneficial.
- Employment Status: Being employed on a permanent basis or having a long-term contract often enhances loan approval chances.
- Bank Account: A Swedish bank account is usually required to facilitate loan transactions.
- Age Limit: Most financial institutions require borrowers to be at least 18 years old, though some may have higher age minimums.
Before applying, it’s advisable to check with specific lenders as requirements can vary.
How to Apply for a Loan in Sweden
Securing a loan in Sweden is a structured process designed to ensure that both the lender and borrower engage in a transparent and mutually beneficial agreement. Whether you’re looking to buy a home or a car or need a personal loan, the application procedure remains relatively consistent across different types of loans.
Below is a detailed guide to applying for a loan in Sweden, outlining each key step to take from initial consideration to receiving the funds.
- Evaluate Your Needs: Determine the loan amount you require and what you can afford in terms of repayments.
- Choose a Lender: Research various banks and financial institutions to find the best loan terms that suit your needs.
- Prepare Documentation: Gather necessary documents, including proof of identity, residency, income, and employment.
- Submit Application: Apply online or in-person at the chosen financial institution. Include all required documentation with your application.
- Await Approval: The lender will assess your application based on their criteria. This process may take from a few days to a few weeks.
- Review Offer: If approved, carefully review the loan offer, paying close attention to the interest rate, repayment terms, and any fees.
- Accept Loan: If the terms are agreeable, accept the loan. The funds will typically be deposited into your bank account.
Ensure you understand the terms and conditions fully before accepting any loan offer.
Types of Loans Available in Sweden
You can access various loan options tailored to meet different financial needs in Sweden. As a foreigner, understanding these options can help you choose the one that best suits your circumstances.
Mortgage loans (House loans)
Mortgage Loans are specifically designed for purchasing property. These loans come with terms that depend on the property value, your income, and your ability to repay. The interest rates might vary based on whether the loan is fixed-rate or variable-rate.
Car Loans
Car Loans are offered to individuals looking to purchase a vehicle. These can be secured against the car itself or unsecured, impacting the interest rates and terms of the loan.
Personal Loans (Consumer loans)
Personal Loans are unsecured personal loans that can be used for various purposes, like buying appliances or furniture. The lack of collateral typically results in higher interest rates.
Credit Card
Credit Card Loans are revolving credit lines where the interest rate is applied to the amount you’ve borrowed through your card. These are flexible but can have higher interest rates compared to other loan types.
Debt Consolidation Loans
Debt Consolidation Loans allow individuals to combine multiple debts into a single loan with one monthly payment, often with a lower interest rate, simplifying debt management.
Quick Loans
Quick Loans offer immediate funds, usually in small amounts, with short repayment periods. The convenience comes with high-interest rates and fees.
Payday Loans
Payday Loans are short-term loans intended to cover expenses until the next payday. They carry high-interest rates and are designed for urgent financial situations.
Price Example of a Loan in Sweden
To illustrate how loan terms and conditions translate into monthly payments and total loan cost, let’s consider a practical example. In this scenario, we analyze an annuity loan—a common type of loan where the borrower makes fixed monthly payments over the loan’s term. These payments cover both the principal and the interest.
| Factor | Value |
|---|---|
| Loan Type | Annuity Loan |
| Term | 12 years |
| Effective Annual Interest Rate | 6.98% |
| Loan Amount | 200,000 SEK |
| Monthly Payment | 2032 SEK |
| Total Number of Payments | 144 |
| Total Repayment Amount | 292,653 SEK |
| Start/Management Fee | None |
| Nominal Interest Rate | 6.77% (variable) |
How much can you loan in Sweden?
In Sweden, the amount you can borrow varies based on the loan type, your financial situation, and the lender’s criteria. The typical borrowing range for personal loans is between 1,000 and 600,000 SEK.
But what determines how much you can loan? Here’s the main factors.
- Income and Debt: Lenders assess your income and existing debts to determine your ability to repay. A higher income and lower debt-to-income ratio can increase the amount you’re eligible to borrow.
- Credit History: A good credit history in Sweden suggests you’re a reliable borrower, which can positively impact the loan amount offered.
- Employment Status: Stable employment, especially if you’re on a permanent contract, reassures lenders of your capacity to repay, affecting the loan amount.
- Lender’s Assessment: Each lender has specific guidelines for determining loan amounts. They consider risk factors and market conditions in their evaluation.
- Loan Purpose: The reason for your loan can influence the amount. For example, lenders might be willing to offer more for home renovation compared to a vacation loan.
- Regulations: There are legal frameworks in place that might limit borrowing amounts to prevent overindebtedness among consumers.
FAQ
Frequently Asked Questions
Yes, foreigners can take loans in Sweden, but they must meet certain criteria, such as having a Swedish personal identity number (personnummer), a stable income, and, in most cases, a good credit history in Sweden.
The borrowing rate in Sweden varies depending on the type of loan and the lender. It’s influenced by the Riksbank’s base rate, the borrower’s creditworthiness, and market conditions. Personal loan interest rates can range widely, so it’s essential to compare offers.
Loans in Sweden require a formal application, where the lender assesses your financial situation, including income, debts, and credit history. Upon approval, you agree to repay the borrowed amount plus interest over a specified period. Payments are typically made monthly.
In Sweden, personal loans typically range from 1,000 to 600,000 SEK. The exact amount depends on factors like your income, debts, and creditworthiness. It’s important to borrow within your means to ensure manageable repayments.