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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 property in Stockholm, Gothenburg, or Malmö starts with understanding your borrowing capacity via a mortgage calculator in Sweden. For many expats arriving from the UK or US, the Swedish banking system presents a unique regulatory framework that prioritizes long-term stability over aggressive lending. While basic principles of credit apply, the specific amortization requirements and tax deductions available in Sweden significantly alter the monthly cost of homeownership compared to other markets.
Swedish lenders typically look for a stable employment history and a residence permit that extends beyond the initial loan application period. If you are currently managing existing debt, it may be beneficial to explore refinancing your current liabilities before approaching a mortgage provider to ensure your debt-to-income ratio remains within acceptable limits. This prep work is essential because Swedish banks are legally mandated to stress-test your finances against much higher interest rates than those currently on the market.
The Amortization Requirement (Amorteringskrav)
One of the most distinct features of the Swedish mortgage system is the mandatory amortization rule. Unlike some countries where interest-only loans are common for long periods, Sweden requires borrowers to pay down the principal based on their loan-to-value (LTV) ratio and their gross income. If you borrow more than 70% of the property value, you must amortize at least 2% of the total loan annually. If the loan is between 50% and 70%, the requirement drops to 1%.
An additional 1% amortization is triggered if your total debt exceeds 4.5 times your annual gross income. This means a high-earning expat with a small deposit could still face a 3% annual repayment requirement. These figures are not suggestions; they are national regulations enforced by Finansinspektionen. When using a calculator, ensure you are factoring in these mandatory principal repayments rather than just the interest expense.
Down Payments and the Top Loan Gap
The maximum LTV for a mortgage in Sweden is 85%. This means you must provide a minimum of 15% as a cash deposit (kontantinsats). Banks are strictly prohibited from lending more than 85% of the property’s purchase price as a secured mortgage. For expats who have not yet saved this full amount, some lenders offer unsecured loans to cover a portion of the deposit, though these carry significantly higher interest rates than the mortgage itself.
If you find that your savings fall slightly short of the 15% threshold, looking into unsecured financing for residents might be an option to bridge the gap, provided your total monthly outgoings remain sustainable. However, most financial advisors suggest having the full 15% in cash to avoid the high cost of secondary borrowing. It is also worth noting that closing costs, such as the lagfart (title deed) and pantbrev (mortgage deed), represent additional fees of roughly 1.5% to 2% of the purchase price that cannot be rolled into the loan.
Tax Deductions and Effective Costs
A significant advantage for taxpayers in Sweden is the ränteavdrag, or interest tax deduction. You are generally entitled to deduct 30% of your total interest expenses from your income tax, up to a limit of 100,000 SEK per year. For amounts exceeding this limit, the deduction is 21%. This effectively reduces the net cost of your mortgage, making the headline interest rate less intimidating than it first appears.
| Requirement Type | Standard Threshold | Impact on Borrower |
|---|---|---|
| Minimum Deposit | 15% of Price | Required in cash (kontantinsats) |
| Income Multiple | 4.5x Gross Salary | Triggers extra 1% amortization |
| Interest Deduction | 30% of Interest | Direct reduction in annual income tax |
| Title Deed Fee | 1.5% of Price | One-time cost for house purchases |
Variable vs. Fixed Rates
Swedish mortgages often default to a 3-month floating rate (rörlig ränta). While you can fix your rate for terms ranging from one to ten years, many locals stay on the 3-month cycle to maintain flexibility. If you plan on moving or selling the property before a fixed term ends, the bank may charge a fee known as ränteskillnadsersättning to compensate for the lost interest. This can be a substantial cost for expats who might be relocated for work on short notice.
Credit Scoring and the UC System
The Swedish credit system relies heavily on Upplysningscentralen (UC). Every formal mortgage inquiry triggers a hard check on your UC profile. Too many inquiries in a short window can negatively impact your credit score, making you appear as a higher risk to lenders. This is why using a comparison tool to narrow down potential lenders before submitting formal applications is a tactical necessity for foreign residents.
If you are also considering other financial products, such as financing a vehicle in Sweden, be mindful of how these applications interact with your mortgage eligibility. Banks will subtract all existing monthly debt payments from your take-home pay when calculating your “Left to Live On” (Kvar att leva på) budget. This calculation is the primary hurdle for mortgage approval and is often more restrictive than the LTV limits. This information is provided for educational purposes and does not constitute financial advice; approval is never guaranteed and depends on individual lender criteria and credit assessments.
Before attending a viewing, it is standard practice to obtain a lånelöfte, or loan promise. This is a preliminary approval that shows the seller you have the financial backing to complete the transaction. Having this document ready, supported by data from a mortgage calculator in Sweden, ensures you can move quickly in a competitive bidding process.
What is the minimum deposit for a house in Sweden?
The legal minimum deposit is 15% of the property's purchase price. The remaining 85% is the maximum allowed for a standard mortgage loan.
Can I get a mortgage in Sweden as a non-EU citizen?
Yes, but lenders typically require a permanent residence permit or a long-term work contract. Each bank has specific internal policies regarding non-EU residents.
How does the interest tax deduction work?
You can deduct 30% of your paid interest from your income tax for the first 100,000 SEK of interest, and 21% for any amount above that.
What are the additional costs when buying a house?
For houses (villas), you must pay for a title deed (lagfart) at 1.5% of the price and mortgage deeds (pantbrev) at 2% of the loan amount. Apartments (bostadsrätt) usually only have a small transfer fee.
Is it better to fix the interest rate or use a variable rate?
Variable rates (3-month) have historically been cheaper in Sweden but offer less predictability. Fixed rates provide stability but may incur break fees if you sell the property early.
Last updated: 23. June 2026
This calculator provides an estimate only. Actual terms depend on the lender and your credit assessment.
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