Debt Consolidation Loan in Sweden

Showing all 20 offers
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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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Combining multiple outstanding debts into a single loan can simplify your finances and potentially lower your monthly payments and overall interest costs. This page provides a comparison of debt consolidation loan options available to expats living in Sweden. The comparison grid above allows you to filter and sort providers based on loan amount, duration, and interest rates. Remember that the rates and terms shown are indicative, and your actual offer will depend on individual credit assessment.

Understanding Debt Consolidation in Sweden

A debt consolidation loan allows you to group several existing debts, such as credit cards, smaller personal loans, or other forms of credit, into one new loan. The primary goals are usually to reduce the number of payments you need to manage and to secure a lower interest rate. In Sweden, this often involves taking out a new unsecured personal loan to pay off all other debts.

Key Considerations for Expats

  • Residency and Employment: Lenders assess your creditworthiness based on your financial history, employment status, and residency permit duration. Expats may face stricter requirements compared to local residents.
  • Credit Score: Your credit history in Sweden, if any, will be a significant factor. If you are new to the country, you may have limited or no credit history, which can impact your options. Some providers listed may accept applicants with limited Swedish credit history.
  • Income Requirements: Lenders will verify your income to ensure you can afford the new loan repayments. Your proof of income in SEK is crucial.
  • Loan Terms: Pay close attention to the repayment period (loan duration), interest rates (nominal and effective), and any associated fees. The effective interest rate (effektiv ränta) provides a more accurate picture of the total cost of borrowing.

Loan Features and Terms

When reviewing the loan comparison grid, consider the following:

  • Loan Amount: Ensure the maximum loan amount offered meets your debt consolidation needs. Providers like Marginalen Bank and Trygga offer higher maximum amounts, suitable for consolidating substantial debts.
  • Interest Rates: Sweden has a range of interest rates. Loans with lower minimum interest rates, such as those from Enkelfinans, Coop Bank, and Enklare, are generally preferable, but the final rate is always individual. Higher interest rates, like those from Ferratum or Saldo Bank Kontokredit, often indicate higher risk or specific loan types not typically suited for consolidation.
  • Repayment Period: A longer repayment period can lower monthly payments but will increase the total interest paid over time. A shorter period means higher monthly payments but less interest overall.
  • Fees: Look out for origination fees (uppläggningsavgift) and monthly service fees (aviseringsavgift or administrationsavgift). These add to the total cost of the loan. The loan examples often detail these costs.
  • Revolving Credit vs. Standard Loans: Some providers offer revolving credit lines (kontokredit), like SMSpengar or Flexkontot. While flexible, these often have higher effective interest rates and are generally less suitable for structured debt consolidation than a fixed-term personal loan.

How to Use the Comparison Tool

The comparison grid at the top of this page is your primary tool. Filter by loan amount needed and desired repayment term. The lowest effective interest rates are generally found on loans with longer repayment terms and higher amounts, but ensure the monthly payment is manageable. Always click through to the provider’s site for the most up-to-date information and to initiate an application.

Responsible Borrowing

Debt consolidation can be a beneficial financial tool, but it is essential to borrow responsibly. Ensure you fully understand the terms and conditions of any loan offer. Avoid taking on more debt than you can comfortably repay. If you are struggling with debt, consider seeking advice from a financial counselor in Sweden.

This page is for informational purposes only and does not constitute financial advice. LoanExpat.com does not guarantee loan approval. All loan applications are subject to the lender’s individual assessment and approval criteria.

For a broader overview of financial products in Sweden and other countries, explore our countries hub. You can also learn more about different credit options in Sweden by visiting Sweden Loans or exploring specific loan types like Sweden Personal Loans.

What is a debt consolidation loan in Sweden?

A debt consolidation loan in Sweden allows you to combine multiple existing debts (like credit cards or smaller loans) into a single new loan. This typically simplifies payments and can potentially lower your monthly costs and interest paid.

Can expats get debt consolidation loans in Sweden?

Yes, expats living in Sweden can apply for debt consolidation loans. Lenders will assess your eligibility based on factors like your residency status, income, and credit history in Sweden.

What is the 'effektiv ränta' and why is it important?

Effektiv ränta, or effective interest rate, is the total annual cost of a loan, including interest and all mandatory fees. It offers a more accurate comparison of different loan offers than the nominal interest rate alone.

How long does it take to get a debt consolidation loan in Sweden?

The time frame varies by lender. Some providers may offer decisions and fund disbursement within a few business days, while others might take longer depending on the application complexity and verification processes.

What if I have no credit history in Sweden?

Having no credit history in Sweden can make it more challenging to secure a loan, especially for larger amounts or lower interest rates. Some lenders may have specific programs for individuals with limited credit history, but approval is not guaranteed.

Last updated: 22. June 2026