Car Refinance in Sweden

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High amount
Marginalen Bank
Loan amount SEK 25,000 – SEK 600,000
Interest from 5.94%
Min. age 20 years
Duration 2–15 years
Payout Varies
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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 SEK 0, and a statement fee of SEK 10 (for direct debit payments), the effective interest rate is 8.49%. The standard monthly payment is SEK 1,423, and the total amount payable is SEK 137,250. This example was calculated on March 23, 2023, assuming that interest rates and fees remain unchanged throughout the entire credit period. Amounts are rounded up to the nearest whole 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.
Accepts remarks
Daypay
Loan amount SEK 1,000 – SEK 20,000
Interest from 26%
Min. age 20 years
Duration 1–60 months
Payout Varies
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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%. Setup fee: 350 SEK. Total statement fees: 59 SEK.
Accepts remarks
Enkelfinans
Loan amount SEK 5,000 – SEK 600,000
Interest from 5.07%
Min. age 18 years
Duration 1–20 years
Payout Varies
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Calculation example: 12-year annuity loan, amount SEK 400,000, variable interest rate 7.99%, origination fee SEK 400, statement fee SEK 20, resulting in an effective interest rate of 8.41%. Total amount to be repaid: SEK 626,457, spread over 144 payments, resulting in a monthly cost of SEK 4,348. Repayment period: 1–20 years. Maximum interest rate: 22.00%. Interest rate range: 4.50%–22.00%. Updated August 15, 2025.
Accepts remarks
Nstart
Loan amount SEK 30,000 – SEK 490,000
Interest from 22.7%
Min. age 21 years
Duration 2–15 years
Payout Varies
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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 installments of SEK 3,295 until the cost cap is reached and a setup fee of SEK 588, the effective interest rate totals 25.10%. The total amount to be repaid is SEK 320,000.
Klicklån
Loan amount SEK 10,000 – SEK 40,000
Interest from 12.71%
Min. age 20 years
Duration 12–84 months
Payout Varies
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Representative example: A loan of 45,000 SEK at a fixed interest rate of 24.24% with a repayment term of 84 months, consisting of 84 monthly payments of 1,135 SEK and a 695 SEK origination fee (which is added to the loan) and a 19 SEK administration fee results in a total effective interest rate of 28.73%. The total amount to be repaid is 96,894 SEK.
Accepts remarks
SMSpengar
Loan amount SEK 3,000 – SEK 30,000
Interest from 35.77%
Min. age 18 years
Duration 6–999 months
Payout Varies
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Credit utilized: 20,000 SEK, to be repaid over 12 months at 2,021 SEK/month. Setup fee: 420 SEK, monthly fee: 100 SEK/month. Total amount payable: SEK 24,253. Effective interest rate: 41.82%. Nominal variable interest rate: 20% + reference rate (currently 22% in total). The card can only be used for purchases.
High amount
Trygga
Loan amount SEK 5,000 – SEK 800,000
Interest from 5.07%
Min. age 18 years
Duration 1–20 years
Payout Varies
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Example: The interest rate is variable and set on an individual basis. For an annuity loan of SEK 100,000, a 12-year repayment period, a nominal interest rate of 8.3%, an initial fee of SEK 495, and a statement fee of SEK 0, the effective interest rate is 8.73%. Total cost: SEK 158,252 or SEK 1,099/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)
First loan free
Credifi
Loan amount SEK 2,000 – SEK 200,000
Interest from 25.14%
Min. age 18 years
Duration 3–92 months
Payout Varies
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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, 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, 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.
Accepts remarks
Flexkontot
Loan amount SEK 3,000 – SEK 30,000
Interest from 36.4%
Min. age 21 years
Duration 9–61 months
Payout Varies
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All other product features remain unchanged, as do our requirements for customers. New representative example: The loan has a 21.95% nominal variable annual interest rate, a 575 SEK origination fee, and a 39 SEK monthly administration fee. An example loan of SEK 20,000, repaid at SEK 1,964 per month over 12 months, has an effective annual interest rate of 36.4%. This results in a total cost of the loan of SEK 3,568.
High amount
Coop Bank
Loan amount SEK 15,000 – SEK 500,000
Interest from 5.33%
Min. age 20 years
Duration 2–15 years
Payout Varies
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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, including a total of 120 payments, a setup fee of SEK 0, and a statement fee of SEK 0 with automatic debit. Assuming the interest rate and statement fee remain unchanged, the total amount to be repaid is SEK 219,693 and the monthly cost is SEK 1,838.
High amount
Enklare
Loan amount SEK 5,000 – SEK 800,000
Interest from 5.07%
Min. age 20 years
Duration 1–20 years
Payout Varies
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12-year annuity loan, amount SEK 400,000, variable interest rate 7.99%, origination fee SEK 400, statement fee SEK 20, resulting in an effective interest rate of 8.41%. Total amount to be repaid: SEK 626,457, spread over 144 payments, resulting in a monthly cost of SEK 4,348. Repayment period: 1–20 years. Maximum interest rate: 23.00%. Interest rate range: 4.95%–23.00%. Updated March 1, 2025
Accepts remarks
Saldo Bank Kontokredit
Loan amount SEK 5,000 – SEK 40,000
Interest from 30.04%
Min. age 18 years
Duration 5–30 month
Payout Varies
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For a credit amount of 5,000 SEK with a fixed nominal 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%.
First loan free
Lumify
Loan amount SEK 2,000 – SEK 200,000
Interest from 25.14%
Min. age 18 years
Duration 4–92 months
Payout Varies
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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, 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, 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.
Accepts remarks
Klara Lån
Loan amount SEK 2,000 – SEK 150,000
Interest from 11%
Min. age 18 years
Duration 1–96 month
Payout Varies
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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 SEK, a 350 SEK origination fee, and a 39 SEK statement fee, results in an effective interest rate of 30.38 percent. The total amount to be repaid is 38,995 SEK, updated on February 27, 2025.
First loan free
Binly
Loan amount SEK 2,000 – SEK 200,000
Interest from 68.52%
Min. age 18 years
Duration 4–19 months
Payout Varies
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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, 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, 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.
Accepts remarks
Fairlo
Loan amount SEK 10,000 – SEK 70,000
Interest from 23.99%
Min. age 20 years
Duration 1–72 months
Payout Varies
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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.
Accepts remarks
Ferratum
Loan amount SEK 1,000 – SEK 45,000
Interest from 54.05%
Min. age 21 years
Duration 4–46 months
Payout Varies
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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!
Accepts remarks
Lendo SE
Loan amount SEK 10,000 – SEK 800,000
Interest from 5.07%
Min. age 18 years
Duration 1–15 year
Payout Varies
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Example: 12-year annuity loan. Effective annual interest rate: 9.63%. A loan of SEK 200,000 would then cost SEK 2,302/month (144 installments), for a total of SEK 331,495. 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.
Accepts remarks
Loanstep
Loan amount SEK 10,000 – SEK 50,000
Interest from 27%
Min. age 18 years
Duration 54–76 months
Payout Varies
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A loan of 25,588 Swedish kronor taken out on May 6, 2025, at a variable interest rate of 19.95 percent with a repayment term of 72 months results in 72 monthly payments of approximately 665 kronor, a 588-krona origination fee, and a 49-krona 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.
First loan free
Tomly
Loan amount SEK 2,000 – SEK 200,000
Interest from 68.52%
Min. age 18 years
Duration 4–19 months
Payout Varies
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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, 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, 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.
Borrowing costs money. Borrowing costs money. If you cannot repay on time, it may affect your credit record and make future borrowing more difficult. Always compare the total cost of credit before applying.
All offers shown
Marginalen Bank
Recommended: Marginalen Bank Borrow up to SEK 600,000 with interest rates from 5.94%.
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Refinancing a car loan in Sweden allows expats to potentially secure lower interest rates, reduce monthly payments, or shorten the loan term. This is particularly relevant for individuals who have established Swedish credit history since their initial car purchase. Understanding the options available and the factors influencing approval is crucial for securing the best terms.

Understanding Car Refinance

Car refinancing involves taking out a new loan to pay off an existing car loan. The primary goals are typically to:

  • Lower Interest Rates: If your credit score has improved or market rates have decreased since you took out the original loan, you may qualify for a lower Annual Percentage Rate (APR).
  • Reduce Monthly Payments: Extending the loan term can lower your monthly outgoings, although this may increase the total interest paid over the life of the loan.
  • Shorten Loan Term: A shorter term means paying off the car faster, saving on interest, but it will result in higher monthly payments.
  • Change Loan Terms: Consolidating other debts into the car refinance might be an option, though less common.

Lenders consider several factors when evaluating refinance applications. For expats in Sweden, these typically include:

  • Residency Status: Proof of legal residency or a valid work permit.
  • Credit History: A Swedish credit score (creditsaldo) is vital. A longer credit history in Sweden strengthens your application.
  • Income and Employment: Stable income from a Swedish employer is essential. Lenders assess your ability to repay the new loan.
  • Loan-to-Value Ratio: The amount you owe on the car compared to its current market value.

Key Considerations for Expats

Securing a car refinance loan as an expat in Sweden requires careful preparation. Unlike your home country, your credit history begins anew in Sweden. This means:

  • Building Credit: Actively building a credit history in Sweden is paramount. This can be done through responsible use of credit cards, mobile phone plans, and any initial smaller loans.
  • Loan Requirements: Minimum age requirements typically range from 18 to 21 years old, depending on the lender. Maximum age limits also apply, often around 70-80 years.
  • Loan Amounts and Terms: Loan amounts can vary significantly. Some lenders, like Marginalen Bank, offer higher loan amounts up to 600,000 SEK, suitable for substantial refinancing, while others, such as Daypay, focus on smaller amounts. Repayment periods range from a few months to over 20 years, depending on the lender and loan type.
  • Interest Rates: Interest rates are variable and depend on your creditworthiness, the loan term, and market conditions. Effective interest rates (effektiv ränta) provide a more accurate picture of the total cost, including fees. Some lenders, like Trygga and Enklare, advertise competitive starting rates as low as 4.95%. Other lenders may have significantly higher rates.
  • Fees: Be aware of origination fees (uppläggningsavgift), monthly service fees (aviavgifter), and other potential charges that impact the total cost. For example, Credifi and Lumify have examples showing high effective rates due to fees.
  • Revolving vs. Fixed Loans: Most car loans are fixed-term, but some lenders offer revolving credit facilities (kontokredit) like Saldo Bank Kontokredit, which offer flexibility but can have higher interest rates.

Specific Lenders and Features

The Swedish market offers various options for car refinancing. Consider these points:

  • High Amount Loans: For significant car value or consolidation, lenders like Trygga, Coop Bank, and Enklare offer maximum loan amounts up to 800,000 SEK, with competitive starting interest rates.
  • Loans Requiring Remarks: If you have specific circumstances, lenders like Daypay, Enkelfinans, Nstart, SMSpengar, Flexkontot, and Klara Lån accept remarks on applications, potentially accommodating unique situations.
  • First Loan Free Offers: Some lenders, such as Credifi, Lumify, and Binly, may offer the first loan without certain fees, which can be beneficial for new borrowers. However, always check the terms.

When comparing offers, always look beyond the advertised nominal interest rate. The effective annual interest rate (effektiv ränta) is the true cost of the loan, as it includes all mandatory fees and charges. Always read the loan agreement carefully before signing.

This information is for guidance purposes only and does not constitute financial advice. Loan approval depends on individual circumstances and lender criteria. You should always conduct your own due diligence.

For more information on different loan types available in Sweden, visit our Sweden Loans page. Explore loan options across different countries of operation.

Can I refinance my car loan in Sweden as an expat?

Yes, expats can refinance car loans in Sweden. Lenders assess applications based on residency status, Swedish credit history, income, and employment stability. Building a credit history in Sweden is essential.

What is the difference between nominal and effective interest rates for car refinancing in Sweden?

The nominal interest rate is the base rate charged on the loan amount. The effective annual interest rate (effektiv ränta) includes the nominal rate plus all mandatory fees and charges (like origination fees and service fees), providing the true total cost of the loan per year.

How long does it take to get approved for a car refinance loan in Sweden?

The approval time varies by lender. Some offer decisions within minutes or hours for online applications, while others may take a few business days, especially if additional documentation is required.

What documents are typically required for car refinancing in Sweden?

Commonly required documents include proof of identity (passport, personnummer), proof of address in Sweden, proof of income (payslips, employment contract), and details of the current car loan and vehicle.

Can I refinance a car I financed in another country?

Generally, you will need to refinance the car with a Swedish lender if you reside and are employed in Sweden. The car's registration and your residency status will typically need to be in Sweden for a Swedish lender to approve the refinance.

Last updated: 22. June 2026