Loans are typically perceived as difficult to decide on, and that is why this article will review how you can go about doing your loan comparison Sweden, along with its various loan offers, loan amounts, interest rates and fees in order to make it easy for you to quickly find the loan that best suitable for you.
If you are therefore considering borrowing money and looking for the best lending options out there, I can assure you that comparing loan in Sweden today is much easier than it was few years back. You have come to the right platform, as you are about to read the top 9 best loan comparison platforms available out there in Sweden.
Best Loan Comparison Sweden Apps (February 2024)
How do you get the best lenders with the best loan option in Sweden that meet your loan appetite? Who offers the best interest rates? Which one offers the best terms for repayment? Can I refinance or consolidate other loans? There are lots of questions about borrowing money and loan comparison in Sweden.
The most popular loan comparison Sweden platforms are Advisa, Lendo, Kreditly, Enklare, Compricer, Zmarta, Matchbanker and Ekonomen among others. These lending marketplaces are entirely online, offering free loan comparison services to help you find the best loan options with the lowest competitive interest rates based on your needs, loan appetite and financial capabilities.
1. Advisa
Advisa is one of the best loan comparison Sweden platform making it easy and seamless for you to compare interest rates and quickly find the loan that suits you best.
Through Advisa, you who want to borrow money can get several offers from many of the 40 creditors the platform collaborates with. After you have submitted your application, your offers are displayed directly on the screen so you can quickly and easily compare the terms from different creditors.
2. Lendo
Lendo is the largest loan comparison Sweden website where consumers can apply for a personal loan and compare up to 40 loan offers from their partner banks and financial institutions. Lendo began their loan journey in 2007 with personal loans but are now also offering business loans as well.
By comparing loan offers from Lendo, you can save money by assuring you choose the lowest possible interest rate and monthly cost based on your prerequisites. This platform gives personal and business loans to borrowers up to 600 000 SEK without collateral.
3. Kreditly
With Kreditly, you can compare many available reputable loans in Sweden by sorting them out in their different categories such as loans without interest, loans with instant payouts and loans without uc.
4. Enklare
Enklare is a very reputable loan comparison platform in Sweden, which is very popular for providing on-time, customer-oriented, and top-notch free lending and application services. You can find and compare the best terms with up to 39 leading loan providers offering up to SEK 600,000 in this country on their websites and get immediate answer on your application.
5. Compricer
Compricer is yer another highly rated loan comparison Sweden platform that offers reliable, affordable, and extremely customer-centric loan broker services to consumers across the country.
Compricer offers easy application process, provides safe, secure, and reliable loans in various sectors, including business loans, bank loans, car loans, private loans, and more. There are no hidden fees and charges and its repayment terms are flexible and affordable.
6. Bank Norwegian of Sweden
Bank Norwegian is one of the biggest and most popular banks offering different categories of loan comparison offers with different interest rate and loan amounts. The bank has many branches in many countries.
Bank Norwegia in Sweden gives access to small loans and credits and help you increase your existing loans. The bank also offers quick private loans and credit whenever you fall into a cash emergency or need funds for small or large projects.
Consumers can borrow as much as SEK 5,000 to SEK 600,000 with the entire application process capable of being completed online with just a BankID. Effective interest rate: 7.22% – 28.44%. Repayment period private loan: 1–15 years.. Consolidation loan repayment period: 1–15 years.
7. Zmarta
Zmarta is one of the most reliable companies that do personal loan mediation along with loan comparison for companies, mortgages, and electricity in Sweden. Loans up to 600.000 SEK with flexible terms and single credit check with UC can be obtained with Zmart which is part of Zmarta Group, owned by Bauer Media Group, one of the largest media houses in Europe, based in Hamburg, Germany.
8. Matchbanker
Matchbanker is one of the fastest loan comparison Sweden website, comparing loans in record time of less than 3 minutes! The platform offer a simple, free and safe online comparison of different categories of lenders, their loan amount and interest rate so that you can make an objective and well-founded decision.
With few simple steps, you can compare loans, select the offer that suits your needs and complete the process within the comfort of your home, just with an internet enabled smartphone.
9. Ekonomen
Ekonomen is the last on our list of top-rated and reputable loan comparison Sweden platforms in 2023. Their expertise from almost 600,000 comparisons and 39 lenders ensure you get a competitive loan that that save money with better terms.
The application process is free and takes just 1 minute and of course only 1 credit report is taken at UC. If approved, the money is paid directly to your bank account for the minimum cost.
How Does Loan and Mortgage Calculators work in Sweden?
Lenders and lending applications in Sweden are very particular about the creditworthiness of borrowers. So, to borrow money, you need to ensure you have a good credit rating. Your rating will have an impact on the interest rate. Using a loan calculator in Sweden, you will be able to calculate your monthly commitment throughout the term of the loan.
Home loan calculator Sweden allows and helps borrowers calculate their monthly loan payment, interest expenses and income tax return in case of different repayment schedules on their proposed and subsisting home loans.
With the home loan calculator also called housing loan calculator in Sweden, you can easily determine your monthly payment, loan period and repayment method that will suit you best.
Mortgage Calculator Sweden
A mortgage is a type of loan used to acquire or sustain a home, land, or other types of real estate properties. The borrower typically signs an agreement to pay the lender over time. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own. The online mortgage loan is also a good idea if you are planning to renovate the property you already own.
Mortgage Calculator Sweden is used by borrowers across the country to calculate and get an indication of how much they will be able to borrow to finance their mortgage facility. It will also show their applicable interest rate and monthly payment for their mortgage loan.
To use the mortgage calculator Sweden, you will be asked the type of home you are applying for, and how much you can afford as a down-payment, your monthly income and if you have a subsisting student loan, car loan or credit card loans or if you have other properties which you keep.
The mortgage calculator provides a veritable tool to help you better understand and compare the loan terms between different lenders in each of these categories of mortgage or home loan.
Best 5 Loan Calculators in Sweden 2024
Loan calculator Sweden platforms help provide borrowers with a tool to calculate how much monthly loan amount they are eligible to, the applicable and most competitive interest rates (including APR) and the loan monthly repayment amount.
The most popular loan calculator websites in Sweden are Handelsbanken Calculator, Anyfin Calculator, Swedbank Calculator and Ponture Calculator. These loan calculation applications cover home loan, car loan or mortgage loan and help consumers access the best lending terms and conditions including the best competitive interest rate.
1. Handelsbanken Loan Calculator
Handelsbanken Mortgage loan calculator can be used to get an indication of how much consumers will be able to borrow. Simply fill in your details and you will get an indication of how much you can borrow.
2. Anyfin Loan Calculator
Anyfin is a loan interest rate calculator that provides tool to help you better understand and compare loan terms between different lenders in Sweden.
3. Swedbank Loan Calculator
Swedbank Loan Calculator is one of the biggest loan calculator in Sweden helping millions of citizens of the country have an understanding of the best loan terms including the loan amount and monthly interest rate of different types of loan segment including the following:
- Settlements Calculator
- Personal loan calculator
- Home loan calculator
- Interest rate change calculator
- Car leasing calculator
- Interest rate change calculator
- Car Insurance Calculator
- Home insurance calculator
- Life insurance calculator
- Travel insurance calculator
- Pension Calculator
4. Ponture Loan Calculator
Ponture is a Sweden lending company which is a big help when it come to urgent and instant financing. It comes with a loan calculator which helps borrowers calculate their monthly interest rate and monthly loan payment. Their business model is perfect for small businesses and it gets a kickback from their lenders so for the customers their service becomes completely free.
5. Nordea Loan Calculator
Nordea loan calculator in Sweden helps you estimate how much housing loan you need and how much money you can set aside in a month to repay the loan. With their loan calculator, one of the best available, you can compare different alternatives by changing the monthly instalment, loan period and interest.
Simply fill in a preliminary housing loan application beneath the housing loan calculator on their website. The estimate the calculator gives you is indicative, and the final loan decision is always made at a personal loan negotiation.
Best Loan Calculators in Sweden With Their Loan Range, Interest and Loan Repayment Period
Platform Loan Range Interest Payment Period
- Enklare.se 5.000 – 600.000 kr 2,95 – 26 % 12 – 180 mths
- Lendo.se 10.00 kr 2,95 – 29,95 % 12 – 180 mths
- Banknorwegian.se 5.000 – 600.000 kr 4,99 – 22,99 % 12 – 180 mths
- Axofinans.se 6.000 – 600.000 kr 2,95 – 5,95 % 20 mths
- Lendify.se 20.000 – 500.000 kr 2,95 – 17 % 12 – 180 mths
What are the best mortgage loan calculators in Sweden?
If you plan to own or move to a home. whether an apartment, condo, or a full-fledged house, getting a place of your own requires loads of essential steps such as planning ends with savings and determining whether you could take a loan and pay off a mortgage. The blog below discusses in detail every possible thing required to own a place in Sweden. We would also take a look at the mortgage calculator Sweden for making your work easier.
Platform Loan Range Payment Period Interest
- Lånekoll SE 10,000 – 600,000 SEK 1 – 20 years 2.9 – 26 %
- Comboloan SE 50,000 – 500,000 SEK 1 – 15 years 2.95 – 25.95 %
- Svea SE 10,000 – 400,000 SEK 2 – 15 years 5.79 – 25.95 %
How to apply for a mortgage loan in Sweden?
Applying for a loan in Sweden is easy and seamless. All the applicant will require is a Swedish personal identity number. When you submit the number in the bank, the financial institution checks for your finances and then determines the amount of money you can borrow for the mortgage.
After everything is finalized, you are granted an account from which loan payments are cleared off. Apart from that, there are other considerations to take a look at regarding mortgages:
- Every applicant with a Swedish identity number can borrow up to 85% mortgage value of the property. This can be paid in two installments, 75% as the first mortgage 10% as the second mortgage.
- There is also an additional deposit of 15% of the overall property price.
- You can even have a fixed interest rate on a loan taken for an overall period that lasts from 3 months to 10 years.
How is Loan calculator Sweden for your mortgage costs derived?
According to living-in-sweden platform, mortgage loan calculator Sweden derives composite cost of owning a mortgage into four parts. These are:
Mortgage Loan and Interest:
This is a particular amount that varies according to the financial institution you apply for a loan with.
Amortization:
Amortization is an overall cost that is paid off on a monthly basis. It is another word for mortgage meaning. The amount for amortization is 2% of your loan. Another thing to remember is that whenever the overall price of the property you are about to buy reaches below 50%, the amortization ceases.
Also, if the loan to value exceeds 70%, then the repayment comes down to 2% of the principal.
Housing Association Fee:
The housing association fee is usually paid to the association which owns the building in general.
Utility Costs:
Utility costs are the minimum payment that is made in Sweden. These include heating, electricity, wi-fi package, and free water.
How to calculate your loan down payment?
Down payment is an amount that is free from the mortgage loan schedule. It is the price that an owner pays initially when the property is purchased. Whenever you buy an apartment in Sweden, the down payment amount is readily available in your Swedish bank account, and once the deal is made, it is transferred to the seller.
These are facts on which the down payment adheres to:
- The money transferred as a down payment is 15% of the apartment value.
- If you have a lower income by any chance, then the amount becomes > 15% as per Swedish law. Thus, people with limited salaries go for a smaller apartment.
Mortgage amount that can be borrowed:
If your bank is going to fund 85% of your property, then these are the guidelines to follow for the best online mortgage calculator:
- Every buyer can borrow 4.5 times the annual income.
- The loan interest is 30% tax-deductible which means you can pay off the loan at low rates when buying an apartment.
For example, let us take a look at the below transaction.
- You purchase a property of SEK 1 million.
- As the down payment amount is 15%, you pay around 150,000 and loan the rest.
- The amortization is 2% of the remaining amount, i.e., 850,000, and comes to around 17,000 SEK/year.
Conclusion
There are several platforms you can use today that you can use to compare loan rates and search for the best options. Another advantage of using these platforms is that you can apply for several personal loans with a single credit check (UC check). This is great because it doesn’t damage your credit score while you are looking for the best options. It’s always a good idea to compare different lenders and loan options before making a decision to ensure you get the best deal possible.
