Loan 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Marginalen Bank

Recommended: Marginalen Bank Borrow up to SEK 600,000 with interest rates from 5.94%.

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Refinancing a loan in Sweden as an expat allows you to consolidate existing debts into a single new loan. This can simplify your monthly payments and potentially lower your overall interest costs. The comparison grid above lists providers offering loan refinance options in Sweden. Evaluate each offer based on the loan amount, repayment term, and effective interest rate (eff.ränta) to find the most suitable option for your financial situation.

When considering loan refinance, it is crucial to understand the terms and conditions. Pay close attention to the effective interest rate, which includes all fees associated with the loan, providing a more accurate picture of the total cost compared to the nominal interest rate alone. Look for transparency in all charges, including origination fees and monthly statement fees.

For many expats, consolidating multiple high-interest loans, such as credit cards or personal loans, into a single, lower-interest refinance loan can lead to significant savings. This strategy can also free up monthly cash flow, making budgeting more manageable.

Key factors to consider when refinancing:

• Effective Interest Rate (Eff.ränta): This is the most important figure to compare providers. It reflects the total annual cost of the loan, including fees.
• Loan Amount and Term: Ensure the new loan covers your existing debts and that the repayment period is manageable. Longer terms typically mean lower monthly payments but higher total interest paid.
• Fees: Understand any upfront fees (e.g., origination fees) and ongoing charges (e.g., monthly statement fees).
• Repayment Flexibility: Check if the loan allows for extra payments or early repayment without penalty, which can help you pay off the debt faster and save on interest.
• Provider Reputation: Research the lender’s standing and customer reviews.
• Eligibility Criteria: As an expat, ensure you meet the specific residency and income requirements for the loan.

Understanding Loan Refinance in Sweden

Loan refinance, often referred to as debt consolidation, involves taking out a new loan to pay off one or more existing loans. The primary goals are typically to secure a lower interest rate, reduce the monthly payment amount, or both. For expats living in Sweden, this process requires careful comparison of the options available.

The Swedish financial market offers various providers, each with different interest rates, terms, and eligibility requirements. Utilizing comparison tools like the one provided is the first step in identifying potential solutions. Remember that the interest rate you are offered will be based on your individual financial profile, creditworthiness, and the loan amount requested.

It is important to distinguish between different types of loans available in Sweden. You can explore Sweden Personal Loans, Sweden Payday Loans, and Sweden SMS Loan options, however, for debt consolidation, a refinance or personal loan is usually most appropriate. For understanding the broader financial market, visit our countries hub.

Process of Refinancing

The application process for loan refinance typically involves several steps:

1. Gather Information: Collect details of all your existing debts, including the outstanding balance, interest rate, and monthly payment for each.
2. Compare Offers: Use comparison tools to view refinance loan options from various providers. Focus on the effective interest rate and total repayment amount.
3. Apply Online: Select a provider and complete an online application form. You will likely need to provide personal details, proof of income, and information about your existing debts.
4. Receive Offer: If approved, you will receive a loan offer detailing the terms and conditions. Review this carefully.
5. Sign Agreement: Once satisfied, sign the loan agreement. The provider will then disburse the funds, which you can use to pay off your existing debts directly or transfer to your account to manage yourself.

For a general overview of loan options in Sweden, consider exploring Sweden Loans. Information on other loan types by country can be found at Loan Refinance guides by country.

Choosing the Right Refinance Loan

When choosing a refinance loan, consider the long-term implications. A lower monthly payment might be tempting, but if it means paying significantly more interest over a longer period, it may not be the best financial decision. Conversely, if you can secure a much lower interest rate, extending the term might be acceptable if it improves your immediate cash flow.

Providers like Marginalen Bank, Enkelfinans, and Coop Bank offer loan amounts suitable for significant debt consolidation, often with competitive rates for borrowers with good credit histories. If you have a less established credit history in Sweden, options from providers such as Daypay or Credifi might be considered, though likely with higher interest rates. Always check the specific terms for each provider.

It is essential to remember that this information is for guidance purposes only and does not constitute financial advice. Approval for any loan is subject to the lender’s assessment of your individual circumstances and creditworthiness. We do not guarantee loan approval. For a broad overview of lending in the country, see Sweden.

Last updated: 22. June 2026