What is a privatlån or blancolån in Sweden?

A privatlån (also called blancolån) is an unsecured personal loan with no collateral, used for things like a car, renovation, or consolidating debt. Because there is no security, interest rates are higher than a mortgage — typically in the 3–20% range depending on the amount, term, and your credit.

How is the monthly payment calculated?

The tool uses the standard annuity (amortising) formula, which gives a fixed equal monthly payment covering both interest and principal. Early payments are mostly interest; later payments are mostly principal. The math matches how Swedish lenders structure an annuitetslån.

What is effektiv ränta?

Effektiv ränta is the effective annual rate Swedish lenders must disclose under the Consumer Credit Act (Konsumentkreditlagen). It includes the nominal interest plus mandatory fees (such as setup and invoicing fees), so it is usually higher than the nominal rate. This calculator uses the nominal rate; ask your lender for the effektiv ränta to compare offers fairly.

What consumer protections apply in Sweden?

The Konsumentkreditlagen gives borrowers a 14-day right of withdrawal, requires clear disclosure of the effektiv ränta, mandates a creditworthiness assessment, and lets you repay early. Lenders must also follow rules on debt collection and reminder fees, capping certain late-payment charges.

Can I repay a Swedish personal loan early?

Yes. Under Konsumentkreditlagen you have the right to repay an unsecured personal loan early, in part or in full, at any time. For loans with a variable rate the lender generally cannot charge an early-repayment penalty, so paying down faster reduces your total interest — re-run this tool with a shorter term to see the saving.

Sweden Personal Loan Calculator

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The Sweden Personal Loan Calculator models repayments on an unsecured Swedish loan — a privatlån or blancolån. Because these loans have no collateral, rates are higher than a mortgage, typically 3–20% depending on the amount and your credit. The tool uses the standard annuity formula Swedish lenders apply, giving a fixed monthly payment, the total interest, and a full breakdown.

How it works

The fixed monthly payment comes from the standard amortising-loan (annuity) formula.

i = annual_rate / 12
n = years × 12
payment = principal × i / (1 − (1 + i)^(−n))

If the rate is 0%, the payment is simply principal / n. Each month, interest is charged on the outstanding balance and the rest of the payment reduces the principal, so the balance falls a little faster every month. Total interest is the sum of all payments minus the amount borrowed.

Example

Borrowing 150,000 kr at 8% over 5 years:

i = 0.08 / 12 ≈ 0.006667, n = 60.
Monthly payment ≈ 3,041 kr.
Total repaid ≈ 182,500 kr, of which ~32,500 kr is interest.

Notes

The quoted nominal rate is not the whole story — compare offers on the effektiv ränta (effective rate), which folds in fees under the Konsumentkreditlagen. You have a 14-day right of withdrawal and the right to repay early without penalty on variable-rate loans, so a shorter term cuts total interest. All maths runs in your browser; nothing is uploaded.