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Updated Feb 20, 2026
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Max Amount
800 000 kr.
Interest from
4.95%
Min. Age
20 years
Payout
1-2 days
Annuity loan 12 years, amount 400,000 SEK, variable interest rate 7.99%, setup cost 400 SEK, invoicing fee 20 SEK, results in an effective interest rate of 8.41%. Total amount to repay 626,457 SEK, divided into 144 repayments, results in a monthly cost of 4,348 SEK. Repayment period 1-20 years. Maximum interest rate is 23.00%. Interest range between: 4.95% - 23.00%. Updated 2025-03-01.
Recommended
Max Amount
800 000 kr.
Interest from
4.95%
Min. Age
18 years
Payout
1-2 days
Calculation example: 12-year annuity loan. Effective annual interest rate: 9.63%. A loan of 200,000 SEK would then cost 2,302 SEK per month (144 payments), for a total of 331,495 SEK. No origination or processing fees. 9.23% nominal interest rate (variable rate, set individually based on your circumstances). Your application will be sent to the lenders that best match your profile, updated January 9, 2025.
No UC Check
Max Amount
150 000 kr.
Interest from
20%
Min. Age
21 years
Payout
1-2 days
A loan of 30,000 SEK with a 20% fixed nominal interest rate, a 300 SEK setup fee (paid with the first monthly payment) and a monthly fee of 30 SEK, with a repayment period of 60 months, results in an effective interest rate of 25.06%. The total amount to repay is 49,788.84 SEK, divided into 60 monthly payments: the first of 1,124.82 SEK and then 59 installments of 824.82 SEK each.
Max Amount
600 000 kr.
Interest from
4.92%
Min. Age
18 years
Payout
1-2 days
Calculation example: 12-year annuity loan, amount 400,000 SEK, variable interest rate 7.99%, origination fee 400 SEK, statement fee 20 SEK, resulting in an effective interest rate of 8.41%. Total amount to be repaid: 626,457 SEK, spread over 144 payments, resulting in a monthly payment of 4,348 SEK. Repayment period: 1–20 years. Maximum interest rate: 22.00%. Interest rate range: 4.50–22.00%. Updated August 15, 2025.
Max Amount
50 000 kr.
Interest from
7.9%
Min. Age
20 years
Payout
1-2 days
Individual interest rates: 7.90% – 21.90% (Effective interest rate: 9.71% – 29.34%). Price example: For a loan of 50,000 SEK at an annual interest rate of 19.50% (variable) over five years with 60 payments, a withdrawal fee of 245 kr, and a monthly administrative fee of 29 kr, the monthly payment is 1,347 kr (total 80,745 kr) and the effective interest rate is 22.87%
Max Amount
40 000 kr.
Interest from
23%
Min. Age
18 years
Payout
1-2 days
For a credit amount of 5,000 SEK with a nominal fixed interest rate of 39.5% for 12 months, the total amount to be repaid is 6,672.89 SEK (556.07 SEK per month), which corresponds to an effective annual interest rate of: 74.4%.
Max Amount
20 000 kr.
Interest from
23%
Min. Age
18 years
Payout
1-2 days
If you borrow 8,500 SEK with a repayment period of 17 months, a nominal, non-binding annual interest rate of 23% applies. The effective interest rate you will pay is 89.29%. The total amount you will pay after 17 months and 17 payments is 17,000 SEK. See an example payment schedule here. To learn more, click here.
Max Amount
800 000 kr.
Interest from
4.95%
Min. Age
18 years
Payout
1-2 days
Example: The interest rate is variable and set on an individual basis. For an annuity loan of 100,000 SEK, with a 12-year repayment period, a nominal interest rate of 8.3%, an initial fee of 495 SEK, and a statement fee of 0 SEK, the effective interest rate is 8.73%. Total cost: 158,252 SEK or 1,099 SEK/month spread over 144 payments. Individual interest rate 4.95%–22.95% (effective interest rate 5.07%–26.5%). Repayment period: 1–20 years. Your application will be sent to lenders that match your profile. (March 1, 2025)
Max Amount
600 000 kr.
Interest from
4.95%
Min. Age
18 years
Payout
1-2 days
12-year annuity loan, amount 400,000 SEK, variable interest rate 7.99%, origination fee 400 SEK, statement fee 20 SEK, resulting in an effective interest rate of 8.41%. Total amount to be repaid: 626,457 SEK, spread over 144 payments, resulting in a monthly payment of 4,348 SEK. Repayment period: 1–20 years. Maximum interest rate: 23.00%. Interest rate range: 4.95%–23.00%. Updated March 1, 2025
Max Amount
50 000 kr.
Interest from
16.95%
Min. Age
18 years
Payout
1-2 days
A loan of 25,588 kronor taken out on May 6, 2025, at a variable interest rate of 19.95 percent with a repayment period of 72 months results in 72 monthly payments of approximately 665 kronor, a 588 kronor origination fee, and a 49 kronor monthly administration fee. This results in an effective interest rate of 26.96 percent, and the total amount to be repaid is 48,440.33 kronor.
Max Amount
490 000 kr.
Interest from
14.75%
Min. Age
18 years
Payout
1-2 days
The interest rate is variable and set on an individual basis. For an annuity loan of 160,000 SEK where the interest rate starts at 22.50% and is reduced by 0.5 percentage points every three months, with a repayment period of 8 years consisting of 96 installments averaging 3,063 SEK each and a 588 SEK origination fee, the effective interest rate totals 19.86%. The total amount to be repaid is 294,600 SEK.
Max Amount
600 000 kr.
Interest from
5.75%
Min. Age
20 years
Payout
1-2 days
For a loan amount of 100,000 SEK with a variable annual interest rate of 7.98%, an 8-year term (repayment period), an origination fee of 0 kr, and a statement fee of 10 kr (when paying by direct debit), the effective interest rate is 8.49%. The regular monthly payment is 1,423 SEK, and the total amount to be paid is 137,250 SEK. This example was calculated on March 23, 2023, assumes that interest rates and fees remain unchanged throughout the entire credit period. Amounts are rounded up to the nearest krona. The interest rate is variable and may range from 5.45% to 19.32%, which means that the effective interest rate may range from 5.63% to 22.07%. The effective interest rate is calculated in accordance with the Swedish Consumer Agency’s guidelines.
Max Amount
600 000 kr.
Interest from
4.95%
Min. Age
18 years
Payout
1-2 days
Calculation example: For an annuity loan of 300,000 SEK with a 0 SEK origination/processing fee, a repayment term of 15 years, a variable interest rate of 7.0%, and an effective interest rate of 7.23%, this results in (180) monthly payments of 2,696 SEK, for a total payment amount of 485,367 SEK.
Max Amount
800 000 kr.
Interest from
4.5%
Min. Age
18 years
Payout
1-2 days
12-year annuity loan, amount 400,000 SEK, variable interest rate 7.99%, origination fee 400 SEK, statement fee 20 SEK, resulting in an effective interest rate of 8.41%. Total amount to be repaid: 626,457 SEK, spread over 144 payments, resulting in a monthly payment of 4,348 SEK. Repayment period: 1–20 years. Maximum interest rate: 23.00%. Interest rate range: 4.95%–23.00%. Updated March 1, 2025
Max Amount
200 000 kr.
Interest from
22%
Min. Age
18 years
Payout
1-2 days
A loan of 20,000 SEK at a 22% interest rate with a repayment period of fifteen months (with fifteen payments of 2,957 SEK, 1,880 SEK, 1,854 SEK, 1,829 SEK, 1,803 SEK, 1,777 SEK, 1,752 SEK, 1,726 SEK, 1,700 SEK, 1,674 SEK, 1,649 SEK, 1,623 SEK, 1,597 SEK, 1,572 SEK, and 1,546 SEK), plus a 588 SEK origination fee, a 2,435 SEK service fee for the installment plan, and 855 SEK in statement fees, resulting in an effective interest rate of 66.01%. The total amount to be repaid is 26,939 SEK. The term of the credit and the associated costs may change if the credit limit is increased.
Max Amount
500 000 kr.
Interest from
5.2%
Min. Age
20 years
Payout
1-2 days
At a variable interest rate of 7.35%, the effective annual interest rate is 7.60% for an annuity loan of 155,000 SEK with a 10-year repayment period, with a total of 120 payments, a setup fee of 0 kr, and a statement fee of 0 kr with automatic debit. Assuming the interest rate and statement fee remain unchanged, the total amount to be repaid will be 219,693 kr, and the monthly cost will be 1,838 kr.
Max Amount
200 000 kr.
Interest from
22%
Min. Age
18 years
Payout
1-2 days
A loan of 20,000 SEK at a 22% interest rate with a repayment period of fifteen months (with fifteen payments of 2,957 SEK, 1,880 SEK, 1,854 SEK, 1,829 SEK, 1,803 SEK, 1,777 SEK, 1,752 SEK, 1,726 SEK, 1,700 SEK, 1,674 SEK, 1,649 SEK, 1,623 SEK, 1,597 SEK, 1,572 SEK, and 1,546 SEK), plus a 588 SEK origination fee, a 2,435 SEK service fee for the installment plan, and 855 SEK in statement fees, results in an effective interest rate of 66.01%. The total amount to be repaid is 26,939 SEK. The term of the credit and the associated costs may change if the credit limit is increased.
Max Amount
50 000 kr.
Interest from
21.95%
Min. Age
21 years
Payout
1-2 days
The loan has a variable nominal annual interest rate of 19.95%, an origination fee of 475 SEK, and a monthly administration fee of 25 SEK. An example loan of 75,000 kr, repaid in monthly installments of 1,648 kr over 90 months, has an effective annual interest rate of 22.8%. This results in a total cost of the loan of 73,320 kr.
Max Amount
40 000 kr.
Interest from
9.84%
Min. Age
20 years
Payout
1-2 days
Representative example: A loan of 45,000 kronor at a fixed interest rate of 24.24% with a repayment period of 84 months, consisting of 84 monthly payments of 1,135 kronor and a loan origination fee of 695 kronor (which is added to the loan) and a 19 kronor administration fee, results in an effective interest rate of 28.73%. The total amount to be repaid is 96,894 kronor.
Max Amount
30 000 kr.
Interest from
21.95%
Min. Age
21 years
Payout
1-2 days
All other product features remain unchanged, as do the requirements we place on our customers. New representative example: The loan has a 21.95% nominal variable annual interest rate, a 575 kr origination fee, and a 39 kr monthly administration fee. An example loan of 20,000 kr, repaid in monthly installments of 1,964 kr over 12 months, has an effective annual interest rate of 36.4%. This results in a total cost of the loan of 3,568 kr.
Max Amount
50 000 kr.
Interest from
21.95%
Min. Age
20 years
Payout
1-2 days
A 30,000 kr annuity loan over 6 years with a nominal interest rate of 21.95% and an effective interest rate of 24.3% costs 753 kr per month (72 payments). Total repayment: 54,216 SEK, including all fees.
Max Amount
70 000 kr.
Interest from
20%
Min. Age
20 years
Payout
1-2 days
With a monthly payment of 2,881 SEK for 12 months, the effective interest rate is 30.6%, and the total amount to be repaid is 34,566 SEK.
Max Amount
20 000 kr.
Interest from
22%
Min. Age
20 years
Payout
1-2 days
Borrow 15,000 SEK for 24 months. Total amount to be repaid: 18,847 SEK, or 785 SEK per month. Fixed annual interest rate: 22%. Effective annual interest rate: 28%. Loan origination fee: 350 SEK. Total statement fees: 59 kr.
Max Amount
100 000 kr.
Interest from
9.84%
Min. Age
20 years
Payout
1-2 days
Representative example: A loan of 90,000 kronor at a fixed interest rate of 21.60% with a repayment period of 84 months, consisting of 84 monthly payments of 2,100 kronor and a 595-kronor origination fee (which is added to the loan) and a 19-krona administration fee, results in an effective interest rate of 24.59%. The total amount to be repaid is 177,992 kronor.
Max Amount
200 000 kr.
Interest from
23%
Min. Age
18 years
Payout
1-2 days
A loan of 20,000 SEK at a 22% interest rate with a repayment period of fifteen months (with fifteen payments of 2,957 SEK, 1,880 SEK, 1,854 SEK, 1,829 SEK, 1,803 SEK, 1,777 SEK, 1,752 SEK, 1,726 SEK, 1,700 SEK, 1,674 SEK, 1,649 SEK, 1,623 SEK, 1,597 SEK, 1,572 SEK, and 1,546 SEK), plus a 588 SEK origination fee, a 2,435 SEK service fee for the installment plan, and 855 SEK in statement fees, results in an effective interest rate of 66.01%. The total amount to be repaid is 26,939 SEK. The term of the credit and the associated costs may change if the credit limit is increased.
Max Amount
40 000 kr.
Interest from
21.95%
Min. Age
21 years
Payout
1-2 days
The loan has a nominal variable annual interest rate of 21.95%, a setup fee of 575 SEK, and a monthly administration fee of 39 SEK. An example loan of 20,000 kr, repaid in monthly installments of 1,964 kr over 12 months, has an effective annual interest rate of 36.4%. This results in a total cost of the loan of 3,568 kr.
Max Amount
800 000 kr.
Interest from
4.95%
Min. Age
20 years
Payout
1-2 days
12-year annuity loan, amount 400,000 SEK, variable interest rate 7.99%, origination fee 400 SEK, statement fee 20 SEK, resulting in an effective interest rate of 8.41%. Total amount to be repaid: 626,457 SEK, spread over 144 payments, resulting in a monthly payment of 4,348 SEK. Repayment period: 1–20 years. Maximum interest rate: 23.00%. Interest rate range: 4.95%–23.00%. Updated March 1, 2025
Max Amount
50 000 kr.
Interest from
20.45%
Min. Age
18 years
Payout
1-2 days
Calculation example: A 5-year annuity loan of 20,000 SEK with a nominal interest rate of 20.45% and an effective interest rate of 22.48% costs 535 SEK per month (60 payments). Total repayment: 32,094 SEK, including all fees.
Max Amount
200 000 kr.
Interest from
23%
Min. Age
18 years
Payout
1-2 days
A loan of 20,000 SEK at a 22% interest rate with a repayment period of fifteen months (with fifteen payments of 2,957 SEK, 1,880 SEK, 1,854 SEK, 1,829 SEK, 1,803 SEK, 1,777 SEK, 1,752 SEK, 1,726 SEK, 1,700 SEK, 1,674 SEK, 1,649 SEK, 1,623 SEK, 1,597 SEK, 1,572 SEK, and 1,546 SEK), plus a 588 SEK origination fee, a 2,435 SEK service fee for the installment plan, and 855 SEK in statement fees, results in an effective interest rate of 66.01%. The total amount to be repaid is 26,939 SEK. The term of the credit and the associated costs may change if the credit limit is increased.
Max Amount
490 000 kr.
Interest from
22.5%
Min. Age
21 years
Payout
1-2 days
Calculation Example: The interest rate is variable and set on an individual basis. For an annuity loan of 160,000 SEK at a variable interest rate of 22.50% with a repayment period of 11 years, with 132 monthly payments of 3,295 SEK until the cost cap is reached and a 588 SEK origination fee, the effective interest rate totals 25.10%. The total amount to be repaid is 320,000 SEK.
Max Amount
50 000 kr.
Interest from
21.75%
Min. Age
20 years
Payout
1-2 days
Nominal interest rate: 21.75% Effective interest rate: 24.05%
Max Amount
150 000 kr.
Interest from
7.9%
Min. Age
18 years
Payout
1-2 days
Calculation Example: The interest rate is variable and set on an individual basis. A loan of 30,000 SEK at a nominal interest rate of 23 percent with a repayment period of 24 months, with 24 monthly payments of 1,610 kronor, a 350-kronor origination fee, and a 39-kronor statement fee, results in an effective interest rate of 30.38 percent. The total amount to be repaid is 38,995 kronor, as of February 27, 2025.
Max Amount
45 000 kr.
Interest from
43.99%
Min. Age
21 years
Payout
1-2 days
If a loan of 20,000 SEK is taken out and repaid in 12 monthly installments of [1. 2,383.33 SEK, 2. 2,323.61 SEK, 3. 2,263.89 SEK, 4. 2,204.17 SEK, 5. 2,144.44 SEK, 6. 2,084.72 SEK, 7. 2,025.00 SEK, 8. 1,965.28 SEK, 9. 1,905.56 SEK, 10. 1,845.83 SEK, 11. 1,786.11 SEK, 12. 1,726.39 SEK], the effective interest rate is 52.57% and the variable nominal annual interest rate is 42.999993%. The loan has no additional costs, and the total amount to be repaid is 24,658.33 SEK. The term of the credit agreement is indefinite. This example is based on the assumption that the loan is repaid in 12 equal principal installments. The example is based on the assumption that the loan amount is drawn down in a single installment and repaid on time. Borrow responsibly by evaluating your repayment options!
Max Amount
200 000 kr.
Interest from
22.95%
Min. Age
18 years
Payout
1-2 days
5-year annuity loan, effective annual interest rate 26.5%. A loan of 60,000 SEK costs 1,709 SEK/month (60 installments), for a total of 42,821 SEK, including a 199 SEK origination fee and 19 SEK in statement fees. 22.95% nominal interest rate. Variable interest rate. Banky partners with Nordiska Kreditmarknadsaktiebolaget. Updated February 28, 2025.
Max Amount
600 000 kr.
Interest from
7.99%
Min. Age
20 years
Payout
1-2 days
Representative example: For a personal loan of 135,000 SEK repaid over 10 years at an interest rate of 10.49%, the effective interest rate is 11.36%, including a monthly fee of 19 SEK and an origination fee of 399 SEK. You pay 1,845 SEK per month (1,826 SEK is principal repayment, 19 SEK is the monthly fee, and there are 120 installments), for a total amount of 221,430 SEK. The interest rate is variable and may range from 5.99% to 18.99%. The effective interest rate may range from 6.21% to 27.80% (March 2026).
Max Amount
100 000 kr.
Interest from
19.95%
Min. Age
21 years
Payout
1-2 days
The loan has a nominal variable annual interest rate of 19.95%, a setup fee of 475 SEK, and a monthly administration fee of 25 SEK. An example loan of 75,000 kr, repaid in monthly installments of 1,648 kr over 90 months, has an effective annual interest rate of 22.8%. This results in a total cost of the loan of 73,320 kr.
Max Amount
600 000 kr.
Interest from
2.95%
Min. Age
18 years
Payout
1-2 days
For an annuity loan of 150,000 SEK with a term of 12 years, a nominal interest rate of 6.4% and no setup or administration fees, the effective interest rate is 6.59%. Interest rates range from 2.95% to 29.27%.
Max Amount
800 000 kr.
Interest from
4.95%
Min. Age
18 years
Payout
1-2 days
For an annuity loan of 40,000 SEK with an 8-year term, a nominal interest rate of 5.95% and 0 SEK in fees, the effective interest rate is 6.16%. Total amount to repay: 50,370 SEK. Monthly cost: 525 SEK. Max interest 23.00%. Updated January 2026.
Max Amount
600 000 kr.
Interest from
6.63%
Min. Age
18 years
Payout
1-2 days
Annuity loan 8 years, 150,000 SEK, variable interest rate 7.97% (0 SEK setup/admin fee) gives an effective interest rate of 8.27%, total cost 182,358 SEK, cost 2,118 SEK/month (120 installments). Updated 2026-03-18.
Borrowing costs money!
If you cannot repay your debt in time, you are in the risk of receiving a record of non-payment. Having a record of non-payment means that you could experience difficulties to rent an accommodation, take out a subscription or being granted new credits. For support, please contact a Budget and Debt Advisor in your municipality. You can find contact details at konsumentverket.se.
Payday loans in Sweden offer a quick financial solution for individuals facing immediate cash needs. These short-term loans are designed to bridge the gap until the next payday, providing relief in urgent financial situations.
While payday loans can be a convenient option for sudden expenses, borrowers should be aware of their high-interest rates and short repayment periods.
What Is a Payday Loan?
A payday loan in Sweden is a short-term, unsecured loan typically used by individuals who need immediate financial assistance. The loan is designed to cover unexpected expenses or bridge a financial gap until the borrower’s next paycheck.
These loans are characterized by their small amounts and short repayment terms, usually due within a month or by the borrower’s next payday. The application process is straightforward, often allowing borrowers to receive funds quickly without collateral.
However, it’s important to note that payday loans have higher interest rates than traditional loans. This reflects the higher risk assumed by the lender due to the lack of collateral and the short lending period. Borrowers should carefully consider the loan terms and ensure they can repay on time to avoid additional fees or financial strain.
How to qualify for a Payday Loan
To qualify for a payday loan in Sweden, applicants must meet certain criteria set by lenders to ensure they can repay the loan. These requirements are designed to assess the borrower’s financial stability and ability to handle short-term debt responsibly.
Lenders typically evaluate an applicant’s income, employment status, and credit history to determine their eligibility. While requirements can vary between lenders, the fundamental criteria remain consistent to ensure a secure lending process.
List of Requirements:
- Legal age (18 or older)
- Swedish residency
- Steady income
- Active bank account
- Valid identification
- Credit check
- Employment verification
How to Apply for a Payday Loan
Applying for a payday loan in Sweden is a straightforward process designed to provide quick financial relief. Applicants can typically complete the process online, ensuring they meet the lender’s requirements and have all necessary information on hand. It’s important to review the terms of the loan carefully, ensuring you understand the repayment schedule, interest rates, and any associated fees before proceeding.
The application process usually involves submitting personal and financial information for the lender to assess your eligibility. Quick approval times are a hallmark of payday loans, allowing borrowers to access funds promptly when needed.
How to apply:
- Choose a Lender: Research and select a reputable payday loan provider that suits your needs.
- Fill Out the Application: Complete the application form, typically available online, with accurate personal and financial information.
- Submit Required Documents: Provide any necessary documents that the lender requires, such as ID, proof of income, and bank account details.
- Wait for Approval: Lenders usually process applications quickly, so wait for the approval, which can often come within the same day.
- Review the Loan Agreement: Carefully read the loan terms, including interest rates, fees, and repayment schedule.
- Accept the Loan: If the terms are agreeable, accept the loan to proceed with the disbursement process.
- Receive Funds: Once approved and the agreement is signed, the loan amount will typically be deposited directly into your bank account.
- Repay the Loan: Adhere to the repayment schedule, ensuring timely payments to avoid additional fees or penalties.
Payday Loan Example
Understanding the detailed breakdown of payments, interest rates, and fees is crucial for borrowers to grasp the full financial commitment of a payday loan. This representative example demonstrates how the various charges accumulate over a 12-month period, providing a clearer picture of the loan’s impact on the borrower’s finances.
| Parameter | Detail |
|---|---|
| Loan Amount | SEK 10,000 |
| Fixed Interest Rate | 21.60% |
| Loan Term | 84 months |
| Monthly Payment | SEK 246 |
| Setup Fee | SEK 595 (added to the loan) |
| Administration Fee | SEK 15 per month |
| Effective Interest Rate | 29.62% |
| Total Repayment Amount | SEK 21,889 |
Things to consider
High-Interest Rates
Payday loans in Sweden come with significantly high-interest rates compared to other types of loans. The elevated rates can quickly escalate the total amount that borrowers need to repay, making it challenging to manage, especially if financial instability was the reason for seeking the loan initially.
Short Repayment Terms
Despite the example provided with a longer-term, typically, payday loans have short repayment periods. This quick turnaround can put borrowers under pressure to repay the loan amount plus interest and fees in a short timeframe, increasing the risk of financial strain or leading to a cycle of debt.
Additional Fees
Besides high-interest rates, payday loans often involve extra charges, such as setup and administration fees. These additional costs can accumulate, significantly increasing the total repayment amount and making the loan more expensive than initially anticipated.
Impact on Credit Score
Failure to repay a payday loan on time can adversely affect your credit score. A lower credit score can hinder your ability to secure loans in the future, impacting your financial health and access to favorable borrowing terms.
Debt Cycle Risk
The convenience and easy access to payday loans can sometimes result in a cycle of borrowing. Individuals might find themselves taking out additional loans to repay existing ones, perpetuating a cycle of debt that can be difficult to escape.
FAQ
Frequently Asked Questions
Payday loans in Sweden often come with high-interest rates, typically much higher than traditional loans, sometimes exceeding 20%. The exact rate can vary depending on the lender and the specific terms of the loan.
Yes, just like any form of credit, payday loans can impact your credit score. Timely repayment can maintain or improve your score, while late or missed payments can lead to negative consequences, potentially reducing your creditworthiness.
Yes, there are alternatives to consider. These include credit unions, personal loans with lower interest rates, borrowing from friends or family, or seeking financial advice to find other suitable financial solutions based on your circumstances.