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Updated 23. June 2026
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Enkelfinans
Representative example: Calculation example: 12-year annuity loan, amount SEK 400,000, variable interest rate 7.99 per cent, arrangement fee SEK 400, statement fee SEK 20, resulting in an effective interest rate of 8.41 per cent. 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 per cent. Interest rate range: 4.50–22.00 per cent. Updated 15 August 2025.
Saldo Bank Kontokredit
Representative example: If the credit facility of 5,000 SEK is drawn down at a nominal fixed interest rate of 39.5% for 12 months, the total amount to be repaid will be 6,672.89 SEK (556.07 SEK per month), corresponding to an effective annual interest rate of: 74.4 per cent.
Viaconto
Representative example: If you borrow 8,500 kr with a repayment period of 17 months, a nominal, uncommitted annual interest rate of 23 per cent applies. The annual percentage rate (APR) you will pay is 89.29 per cent. The total amount you will pay after 17 months and 17 instalments is 17,000 SEK. 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 per cent. A loan of SEK 200,000 would then cost SEK 2,302 per month (144 instalments), i.e. a total of SEK 331,495. 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 per cent, an arrangement fee of 400 SEK and a statement fee of 20 SEK, results in an effective interest rate of 8.41 per cent. 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. The maximum interest rate is 23.00 per cent. 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 in total, and the total amount to be repaid is 48,440.33 kronor.
Marginalen Bank
Representative example: For a loan amount of SEK 100,000 with a variable annual interest rate of 7.98 per cent, an 8-year term (repayment period), an arrangement fee of SEK 0 and a statement fee of SEK 10 (when paying by direct debit), the annual percentage rate (APR) is 8.49 per cent. The standard monthly repayment is SEK 1,423 and the total amount payable is SEK 137,250. This example was calculated on 23 March 2023, assumes that the interest rate 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 annual percentage rate (APR) is calculated in accordance with the Swedish Consumer Agency’s guidelines.
Lånekoll
Representative example: Calculation example: For an annuity loan of 300,000 SEK with an arrangement fee of 0 SEK, 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 SEK 2,696, with a total repayment amount of SEK 485,367.
Finlo.se
Representative example: A 12-year annuity loan of 400,000 SEK, with a variable interest rate of 7.99 per cent, an arrangement fee of 400 SEK and a statement fee of 20 SEK, results in an effective interest rate of 8.41 per cent. 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. The maximum interest rate is 23.00 per cent. 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, 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 arrangement fee, a 2,435 SEK service fee for the instalment plan and 855 SEK in statement fees result in a total 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.
Coop Bank
Representative example: At a variable interest rate of 7.35 per cent, the effective annual interest rate is 7.60 per cent for an annuity loan of SEK 155,000 with a 10-year repayment period, 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, 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 arrangement fee, a 2,435 SEK service fee for the instalment plan and 855 SEK in statement fees result in a total 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.
Brixo
Representative example: The loan has a variable nominal annual interest rate of 19.95 per cent, an arrangement fee of 475 SEK and a monthly administration fee of 25 SEK. 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 per cent. 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 per cent with a repayment period of 84 months, comprising 84 instalments of 1,135 kronor and a set-up fee of 695 kronor (which is added to the loan) and a 19 Swedish kronor administration fee, results in a total effective interest rate of 28.73%. The total amount to be repaid is 96,894 Swedish 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 per cent, an arrangement fee of SEK 575 and a monthly administration fee of SEK 39. 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 per cent. This results in a total cost of the loan of 3,568 kr.
Fairlo
Representative example: With a monthly repayment of 2,881 SEK for 12 months, the effective interest rate is 30.6 per cent and the total amount to be repaid is 34,566 SEK.
Daypay
Representative example: Borrow 15,000 SEK for 24 months. Total amount to be repaid: 18,847 SEK, i.e. 785 SEK per month. Fixed annual interest rate: 22 per cent. Annual percentage rate (APR): 28 per cent. Arrangement fee: 350 SEK. Total statement fees: 59 kr.
Thorn
Representative example: A loan of 90,000 kronor at a fixed interest rate of 21.60 per cent 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 per cent. 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, 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 arrangement fee, a 2,435 SEK service fee for the instalment plan and 855 SEK in statement fees result in a total 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.
Merax
Representative example: The loan has a nominal variable annual interest rate of 21.95 per cent, an arrangement fee of 575 SEK and a monthly administration fee of 39 SEK. A sample loan of SEK 20,000, repaid at SEK 1,964 per month over 12 months, has an annual percentage rate (APR) of 36.4 per cent. This means the total cost of the loan is SEK 3,568.
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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