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Updated 23. June 2026
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Ekomni
Representative example: Amount granted: 4,500 SEK, repayment period: 6 months, fixed nominal annual interest rate: 22.00%, arrangement fee: 499 SEK (deducted from the approved credit amount on disbursement), statement fee (monthly administration fee) SEK 69, effective interest rate 154.36%, monthly cost SEK 798.85, total amount to be repaid including all fees: 5,207.12 kr.
Enkelfinans
Representative example: Calculation example: 12-year annuity loan, amount SEK 400,000, variable interest rate 7.99%, arrangement 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 instalments, giving 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 15 August 2025.
Saldo Bank Kontokredit
Representative example: If the credit facility of 5,000 SEK is utilised at 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%.
Viaconto
Representative example: If you borrow 8,500 kr with a repayment period of 17 months, a nominal, non-binding annual interest rate of 23% will apply. The annual percentage rate (APR) you will pay is 89.29%. The total amount you will pay after 17 months and 17 instalments is 17,000 kr. See an example of the repayment schedule here. To find out more, click here.
Lendo SE
Representative example: Calculation example: 12-year annuity loan. Effective annual interest rate 9.63%. A loan of 200,000 kr would then cost 2,302 kr per month (144 instalments), i.e. a total of 331,495 kr. No arrangement or administration 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 9 January 2025.
Ekonomen
Representative example: A 12-year annuity loan of 400,000 SEK, with a variable interest rate of 7.99%, an arrangement fee of 400 SEK and a statement fee of 20 SEK, results in an effective interest rate of 8.41%. Total amount to be repaid: SEK 626,457, spread over 144 instalments, giving 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 1 March 2025
Loanstep
Representative example: A loan of 25,588 kronor taken out on 6 May 2025 at a variable interest rate of 19.95 per cent, with a repayment period of 72 months, entails 72 instalments of approximately 665 kronor, a 588 kronor arrangement fee and a 49 kronor monthly administration fee. This results in an effective interest rate of 26.96 per cent, and the total amount to be repaid is 48,440.33 kronor.
Lånekoll
Representative example: Calculation example: For an annuity loan of 300,000 kr with an arrangement fee of 0 kr, a repayment term of 15 years, a variable interest rate of 7.0%, an effective interest rate of 7.23%, this results in (180) monthly payments of 2,696 kr, with a total repayment amount of 485,367 kr.
Finlo.se
Representative example: A 12-year annuity loan of 400,000 SEK, with a variable interest rate of 7.99%, an arrangement fee of 400 SEK and a statement fee of 20 SEK, results in an effective interest rate of 8.41%. Total amount to be repaid: SEK 626,457, spread over 144 instalments, giving 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 1 March 2025
Credifi
Representative example: A loan of 20,000 kr at an interest rate of 22 per cent, with a repayment period of fifteen months (comprising fifteen instalments of 2,957 kr, 1,880 kr, 1,854 kr, 1,829 kr, 1,803 kr, 1,777 kr, 1,752 kr, 1,726 kr, 1,700 kr, 1,674 kr, 1,649 kr, 1,623 kr, 1,597 kr, 1,572 kr and 1,546 kr) plus a set-up fee of 588 kr, a service fee of 2,435 kr for the instalment plan and statement fees of 855 kr, resulting in a total effective interest rate of 66.01%. The total amount to be repaid is 26,939 kr. The term of the credit and the associated costs may change if the credit limit is increased.
Coop Bank
Representative example: 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 term, comprising a total of 120 instalments, an arrangement fee of SEK 0 and a statement fee of SEK 0 with direct debit. Assuming the interest rate and statement fee remain unchanged, the total amount to be repaid will be SEK 219,693 and the monthly cost will be SEK 1,838.
Lumify
Representative example: A loan of 20,000 kr at an interest rate of 22 per cent, with a repayment period of fifteen months (comprising fifteen instalments of 2,957 kr, 1,880 kr, 1,854 kr, 1,829 kr, 1,803 kr, 1,777 kr, 1,752 kr, 1,726 kr, 1,700 kr, 1,674 kr, 1,649 kr, 1,623 kr, 1,597 kr, 1,572 kr and 1,546 kr) plus a set-up fee of 588 kr, a service fee of 2,435 kr for the instalment plan and statement fees of 855 kr, resulting in a total effective interest rate of 66.01%. The total amount to be repaid is 26,939 kr. The term of the credit and the associated costs may change if the credit limit is increased.
Brixo
Representative example: The loan has a variable nominal annual interest rate of 19.95%, an arrangement fee of 475 kr and a monthly administration fee of 25 kr. An example loan of 75,000 kr, repaid at 1,648 kr per month over 90 months, has an annual percentage rate (APR) of 22.8%. This means the total cost of the loan is 73,320 kr.
Klicklån
Representative example: A loan of 45,000 kronor at a fixed interest rate of 24.24%, with a repayment period of 84 months, comprising 84 instalments of 1,135 kronor and a 695 kronor arrangement fee (which is added to the loan) and a 19 kronor administration fee, results in a total effective interest rate of 28.73%. The total amount to be repaid is 96,894 kronor.
Flexkontot
Representative example: All other product features remain unchanged, as do the requirements we place on our customers. New representative example: The loan has a nominal variable annual interest rate of 21.95%, an arrangement fee of 575 kr and a monthly administration fee of 39 kr. An example loan of 20,000 kr, repaid at 1,964 kr per month over 12 months, has an annual percentage rate (APR) of 36.4%. This means a total cost of the loan of 3,568 kr.
Fairlo
Representative example: With a monthly repayment of 2,881 kr for 12 months, the effective interest rate is 30.6% and the total amount to be repaid is 34,566 kr.
Daypay
Representative example: Borrow 15,000 kr for 24 months. Total amount to be repaid: 18,847 kr, i.e. 785 kr per month. Fixed annual interest rate: 22%. Annual percentage rate (APR): 28%. Arrangement fee: 350 kr. Total statement fees: 59 kr.
Thorn
Representative example: A loan of 90,000 kronor at a fixed interest rate of 21.60%, with a repayment period of 84 months, comprising 84 instalments of 2,100 kronor and a 595 kronor arrangement fee (which is added to the loan) and a 19 kronor administration fee, results in a total effective interest rate of 24.59%. The total amount to be repaid is 177,992 kronor.
Tomly
Representative example: A loan of 20,000 kr at an interest rate of 22 per cent, with a repayment period of fifteen months (comprising fifteen instalments of 2,957 kr, 1,880 kr, 1,854 kr, 1,829 kr, 1,803 kr, 1,777 kr, 1,752 kr, 1,726 kr, 1,700 kr, 1,674 kr, 1,649 kr, 1,623 kr, 1,597 kr, 1,572 kr and 1,546 kr) plus a set-up fee of 588 kr, a service fee of 2,435 kr for the instalment plan and statement fees of 855 kr, resulting in a total effective interest rate of 66.01%. The total amount to be repaid is 26,939 kr. The term of the credit and the associated costs may change if the credit limit is increased.
Merax
Representative example: The loan has a nominal variable annual interest rate of 21.95%, an arrangement fee of 575 SEK and a monthly administration fee of 39 SEK. An example loan of 20,000 kr, repaid at 1,964 kr per month over 12 months, has an annual percentage rate (APR) of 36.4%. This means the total cost of the loan is 3,568 kr.
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Securing a loan refinance in Sweden requires a clear understanding of how local lenders evaluate your residency status and tax history. Most Swedish banks and digital lenders prioritize candidates who have established a stable financial footprint in the country, often looking for a minimum of one year of reported income through the Swedish Tax Agency (Skatteverket). For expats, this means that your eligibility for better interest rates usually improves significantly after your first tax return has been processed.
Refinancing is primarily a strategy to lower the monthly cost of existing debt by moving it to a new provider with more favorable terms. This is particularly relevant for those who moved to Sweden and initially took out high-interest credit or spent heavily on credit cards to settle into their new homes. By restructuring these debts, you can often reduce your Effective Annual Interest Rate (Effektiv ränta), which includes both the nominal interest and any administrative fees.
Tax Residency and Lender Risk Assessment
Swedish lenders use your personal identity number (personnummer) to pull credit reports from agencies like UC or Bisnode. These reports show your declared income from previous years. If you are a new arrival without a full year of tax history, lenders may view you as a higher risk, regardless of your current salary. Refinancing becomes a viable tool once you can prove a consistent income stream within the Swedish system, allowing you to move away from the standard personal loans for expats that often carry higher entry-level rates.
Lenders also look at your “Kvar att leva på” (KALP) calculation. This is a formula used to determine how much money you have left after all fixed costs and debt obligations are met. When you apply for a refinance, the lender is checking if the new, lower monthly payment improves your KALP score, making you a more attractive borrower. This content is for informational purposes only and does not constitute financial advice; approval is never guaranteed and depends on individual credit profiles.
The Samlingslån Strategy
In Sweden, the process of refinancing multiple small debts into one is often called a “samlingslån.” This is a common path for those who have previously utilized smaller short term credit options or retail financing. Consolidating these into a single loan usually results in a lower total interest rate and eliminates multiple monthly administrative fees (aviavgifter), which can add up to several thousand SEK per year.
When applying for a refinance, it is vital to check if your current loans have a fixed or variable interest rate. Most unsecured loans in Sweden use variable rates, meaning you can pay them off early without a penalty (ränteskillnadsersättning). However, if you are looking to restructure debt tied to a property, you should consult with a specialist regarding how home financing structures in Sweden impact your ability to move debt without incurring break-fees.
Eligibility and Documentation
While the specific requirements vary between providers, the Swedish market follows a fairly standardized set of criteria for expat applicants. Meeting these baseline requirements does not guarantee an offer, but falling short usually results in an automatic rejection by the automated credit systems used by most digital platforms.
| Requirement | Standard Criteria for Expats |
|---|---|
| Age | Minimum 18-20 years old |
| Income | Minimum 120,000 – 200,000 SEK per year |
| Residency | Registered in the Population Register (Folkbokförd) |
| Employment | Permanent contract (Tillsvidareanställning) preferred |
| Debt History | No active payment defaults (Betalningsanmärkningar) |
Lenders will also verify that you do not have an active debt balance with the Swedish Enforcement Authority (Kronofogden). If you have a record with Kronofogden, refinancing through traditional channels becomes nearly impossible until the record is cleared and the “quarantine” period has passed.
Impact on Your Credit Score
Every time you submit a formal application for a loan, a hard credit inquiry is registered. In Sweden, having too many inquiries (UC-förfrågningar) within a 12-month period can negatively impact your creditworthiness. When seeking a refinance, it is often more efficient to use services that allow multiple lenders to bid on your application using a single credit check. This protects your score while allowing you to compare the market effectively.
Refinancing is not just about the interest rate; it is also about the repayment term. While extending the term can lower your monthly payment, it increases the total cost of the debt over time. Expats should aim for a balance that reduces the monthly burden without unnecessarily prolonging the debt. If you are currently managing high-cost debt from multiple sources, exploring a dedicated debt consolidation path may be the most effective way to simplify your Swedish finances. Successfully managing a loan refinance in Sweden can provide the financial breathing room needed to focus on long-term goals like saving for a home deposit.
Can I refinance if I have a temporary residence permit?
Yes, but many lenders require your permit to be valid for at least the duration of the loan term, or they may require you to have been a resident for at least 12-24 months.
Will my foreign income be considered for a refinance in Sweden?
Generally, no. Swedish lenders almost exclusively look at income taxed in Sweden and reported to Skatteverket to assess your repayment capacity.
Is there a fee for paying off my old loans early?
For most unsecured personal loans in Sweden, there is no fee for early repayment. You only pay interest for the time you held the loan.
How much can I save by refinancing?
Savings depend on the difference between your current interest rates and the new offer. Even a 2-3% reduction in APR can save thousands of SEK over several years.
Do I need a co-applicant?
Having a co-applicant with a stable Swedish credit history can significantly increase your chances of approval and help you secure a lower interest rate.
Last updated: 23. June 2026