Car Loans In Sweden
Compare different car loans in Sweden and find the option that best fits your budget, needs, and vehicle purchase.
Best Car Loans In Sweden 2026
- Trustpilot4,8(34.3k reviews)
- Google reviews
4,7(2.9k reviews) - User rating5(1 reviews)
- Popularity3,83
- Combined score
4,58 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 5 000 - 800 000 kr
- Loan term 1 - 20 yr
- Effective interest rate 4,50 % - 21,99 %
- Connected banks 40
- Down payment 0 %
- Payment remarks Accepted
- Trustpilot4,5(3.6k reviews)
- Google reviews 4,6(1.8k reviews)
- Popularity2,96
- Combined score 4,02 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 10 000 - 800 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 4,95 % - 23,00 %
- Connected banks 40
- Down payment 0 %
- Payment remarks Accepted
- Popularity2,54
- Combined score 2,54 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 10 000 - 800 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 4,95 % - 23,00 %
- Connected banks 24
- Down payment 0 %
- Payment remarks Accepted
- Trustpilot4,5(3.4k reviews)
- Google reviews 4,7(3.6k reviews)
- Popularity2,96
- Combined score 4,05 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 5 000 - 800 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 4,59 % - 78,04 %
- Connected banks 29
- Down payment 0 %
- Payment remarks Accepted
- Trustpilot1,2(559 reviews)
- Google reviews 3,1(412 reviews)
- Combined score 2,15 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 10 000 - 350 000 kr
- Loan term 2 - 12 yr
- Effective interest rate 4,02 % - 13,75 %
- Environmental discount No
- Down payment 0 %
- Payment remarks Not accepted
- Trustpilot1,4(766 reviews)
- Google reviews 2,4(109 reviews)
- Combined score 1,9 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 20 000 - 350 000 kr
- Loan term 2 - 10 yr
- Effective interest rate 6,95 % - 14,40 %
- Environmental discount No
- Down payment 0 %
- Payment remarks Not accepted
- Trustpilot4,7(4.3k reviews)
- Google reviews 4,5(350 reviews)
- Popularity2,46
- Combined score 3,89 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 5 000 - 800 000 kr
- Loan term 1 - 20 yr
- Effective interest rate 4,95 % - 22,99 %
- Connected banks 40
- Down payment 0 %
- Payment remarks Accepted
- Trustpilot1,2(1.7k reviews)
- Google reviews 2,6(210 reviews)
- Combined score 1,9 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 20 000 - 500 000 kr
- Loan term 1 - 12 yr
- Effective interest rate 8,15 %
- Environmental discount 2 %
- Down payment 0 %
- Payment remarks Not accepted
- Trustpilot4,4(28.4k reviews)
- Google reviews 3,5(10 reviews)
- Combined score 3,95 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 50 000 - 400 000 kr
- Loan term 1 - 10 yr
- Effective interest rate 7,80 % - 9,96 %
- Environmental discount 0 %
- Down payment 0 %
- Payment remarks Not accepted
- Trustpilot4,2(290 reviews)
- Popularity1,65
- Combined score 2,92 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 10 000 - 600 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 6,21 % - 27,80 %
- Environmental discount No
- Down payment 0 %
- Payment remarks Not accepted
- Trustpilot1,6(973 reviews)
- Google reviews 2,6(190 reviews)
- Combined score 2,1 / 5
Billån betyget är en sammanvägning av det redaktionella betyget, användaromdömen på Billån.se och externa omdömen.
- Loan amount 10 000 - 500 000 kr
- Loan term 1 - 12 yr
- Effective interest rate 6,29 % - 14,53 %
- Environmental discount 0,5 %
- Down payment 0 %
- Payment remarks Not accepted
Jämför långivarnas data
Please note that when we use the term “car loan” on this page, we are usually referring to an unsecured type of loan.
What Is a Car Loan?
A car loan is a loan used to finance the purchase of a vehicle. Instead of paying the full price upfront, you borrow money from a bank, lender, broker or car dealer and repay it over time with interest. The loan can be used for both new and used cars, and the monthly cost depends on the loan amount, interest rate, repayment period and any fees.
Types of Car Financing in Sweden
There are several ways to finance a car in Sweden. The right option depends on whether you want to own the car, how much flexibility you need and whether you are buying from a dealer or a private seller.
-
Secured Car Loan
A secured car loan is a loan where the car is used as collateral. This means the lender has security in the vehicle if you do not repay the loan as agreed.
This type of loan is often used when buying through a dealership, where the financing is arranged by the dealer, a bank or a finance company. A secured car loan usually requires a down payment, meaning you pay part of the car’s price yourself and finance the rest. Since the lender has collateral, the interest rate may be lower than with an unsecured loan. However, the loan is usually tied to the specific car and may come with requirements around the car’s age, value and insurance.
-
Unsecured Personal Loan for Car Purchase
An unsecured personal loan, also called a "blancolån" in Swedish, can be used to buy a car without using the vehicle as collateral. You borrow a fixed amount and pay the seller yourself.
This option is more flexible than a secured car loan. It can be used for private purchases, older used cars or situations where you do not want the loan tied directly to the vehicle. Since the lender has no security in the car, the interest rate is often higher. Your income, credit history and existing debts usually have a bigger impact on the loan offer.
-
Leasing
Leasing is a way to use a car without buying it. Instead of borrowing money to own the vehicle, you pay a monthly fee for the right to use it during a fixed contract period.
Private leasing is aimed at individuals, while company leasing is used by businesses or employers. Leasing can make monthly costs more predictable, and service may sometimes be included. However, you do not own the car at the end of the contract. Leasing agreements also often include conditions for mileage, wear and contract length.
What Interest Rate Can You Get on a Car Loan in Sweden?
Car loan interest rates in Sweden vary depending on the lender, your credit profile and the type of financing you choose. Among the largest Swedish banks, car loan rates are currently around 4.50% to 9.40%. The rate you are offered may be lower or higher depending on your income, existing debt, credit history and whether the loan is secured or unsecured.
Car loan rates are also affected by the general interest rate level in Sweden. When the policy rate changes, banks and lenders may adjust their loan rates as well. In May 2026, the Swedish policy rate was left unchanged at 1.75%, which means car loan rates have remained relatively stable for many borrowers.
How Swedish Lenders Assess Car Loan Applications
When you apply for a car loan in Sweden, the lender looks at your ability to repay the loan. This usually includes checking your income, employment situation, existing debts and credit history. All lenders also perform a credit check through a credit information company - for example UC.
Common factors lenders consider include:
- Monthly income
- Employment type and stability
- Existing loans and credit commitments
- Payment remarks
- Debt registered with Kronofogden
- Age and residency status
- Loan amount compared with income
How Much Can You Borrow for a Car in Sweden?
How much you can borrow for a car in Sweden depends on the lender, your financial situation and the type of loan you choose. For unsecured personal loans, the maximum loan amount is often up to 600,000 SEK, but not everyone will qualify for the highest amount.
Typical car loan amounts can range from around 10,000 SEK to 600,000 SEK for unsecured loans. Secured car loans through dealerships or banks may vary depending on the car’s value, required down payment and the lender’s rules. In most cases, the lender will only approve an amount they believe you can repay comfortably.
Try Our Car Loan Calculator
You can use our car loan calculator to estimate what interest rate and monthly cost you may get before applying. Enter the car price, down payment, loan amount and repayment period to see how different loan terms affect the total cost.
Your loan
| Loan amount | 200 000 kr |
| LTV ratio | 100 % |
| Interest cost | 66 933 kr |
| Interest deduction | 20 080 kr |
| Loan cost | 46 853 kr |
| Total repayment | 246 853 kr |
| Month | Debt before installment | Installment | Interest | To pay | |
|---|---|---|---|---|---|
| #1 | Nov, 2026 | 200 000 kr | 2 449 kr | 2 000 kr | 4 449 kr |
| #2 | Dec | 197 551 kr | 2 473 kr | 1 976 kr | 4 449 kr |
| #3 | Jan, 2027 | 195 078 kr | 2 498 kr | 1 951 kr | 4 449 kr |
| #4 | Feb | 192 580 kr | 2 523 kr | 1 926 kr | 4 449 kr |
| #5 | Mar | 190 057 kr | 2 548 kr | 1 901 kr | 4 449 kr |
| #6 | Apr | 187 508 kr | 2 574 kr | 1 875 kr | 4 449 kr |
| #7 | May | 184 934 kr | 2 600 kr | 1 849 kr | 4 449 kr |
| #8 | Jun | 182 335 kr | 2 626 kr | 1 823 kr | 4 449 kr |
| #9 | Jul | 179 709 kr | 2 652 kr | 1 797 kr | 4 449 kr |
| #10 | Aug | 177 058 kr | 2 678 kr | 1 771 kr | 4 449 kr |
| #11 | Sep | 174 379 kr | 2 705 kr | 1 744 kr | 4 449 kr |
| #12 | Oct | 171 674 kr | 2 732 kr | 1 717 kr | 4 449 kr |
| #13 | Nov | 168 942 kr | 2 759 kr | 1 689 kr | 4 449 kr |
| #14 | Dec | 166 182 kr | 2 787 kr | 1 662 kr | 4 449 kr |
| #15 | Jan, 2028 | 163 395 kr | 2 815 kr | 1 634 kr | 4 449 kr |
| #16 | Feb | 160 580 kr | 2 843 kr | 1 606 kr | 4 449 kr |
| #17 | Mar | 157 737 kr | 2 872 kr | 1 577 kr | 4 449 kr |
| #18 | Apr | 154 866 kr | 2 900 kr | 1 549 kr | 4 449 kr |
| #19 | May | 151 966 kr | 2 929 kr | 1 520 kr | 4 449 kr |
| #20 | Jun | 149 036 kr | 2 959 kr | 1 490 kr | 4 449 kr |
| #21 | Jul | 146 078 kr | 2 988 kr | 1 461 kr | 4 449 kr |
| #22 | Aug | 143 090 kr | 3 018 kr | 1 431 kr | 4 449 kr |
| #23 | Sep | 140 072 kr | 3 048 kr | 1 401 kr | 4 449 kr |
| #24 | Oct | 137 024 kr | 3 079 kr | 1 370 kr | 4 449 kr |
| #25 | Nov | 133 945 kr | 3 109 kr | 1 339 kr | 4 449 kr |
| #26 | Dec | 130 836 kr | 3 141 kr | 1 308 kr | 4 449 kr |
| #27 | Jan, 2029 | 127 695 kr | 3 172 kr | 1 277 kr | 4 449 kr |
| #28 | Feb | 124 523 kr | 3 204 kr | 1 245 kr | 4 449 kr |
| #29 | Mar | 121 319 kr | 3 236 kr | 1 213 kr | 4 449 kr |
| #30 | Apr | 118 084 kr | 3 268 kr | 1 181 kr | 4 449 kr |
| #31 | May | 114 816 kr | 3 301 kr | 1 148 kr | 4 449 kr |
| #32 | Jun | 111 515 kr | 3 334 kr | 1 115 kr | 4 449 kr |
| #33 | Jul | 108 181 kr | 3 367 kr | 1 082 kr | 4 449 kr |
| #34 | Aug | 104 814 kr | 3 401 kr | 1 048 kr | 4 449 kr |
| #35 | Sep | 101 413 kr | 3 435 kr | 1 014 kr | 4 449 kr |
| #36 | Oct | 97 979 kr | 3 469 kr | 980 kr | 4 449 kr |
| #37 | Nov | 94 509 kr | 3 504 kr | 945 kr | 4 449 kr |
| #38 | Dec | 91 006 kr | 3 539 kr | 910 kr | 4 449 kr |
| #39 | Jan, 2030 | 87 467 kr | 3 574 kr | 875 kr | 4 449 kr |
| #40 | Feb | 83 893 kr | 3 610 kr | 839 kr | 4 449 kr |
| #41 | Mar | 80 283 kr | 3 646 kr | 803 kr | 4 449 kr |
| #42 | Apr | 76 637 kr | 3 683 kr | 766 kr | 4 449 kr |
| #43 | May | 72 954 kr | 3 719 kr | 730 kr | 4 449 kr |
| #44 | Jun | 69 235 kr | 3 757 kr | 692 kr | 4 449 kr |
| #45 | Jul | 65 478 kr | 3 794 kr | 655 kr | 4 449 kr |
| #46 | Aug | 61 684 kr | 3 832 kr | 617 kr | 4 449 kr |
| #47 | Sep | 57 852 kr | 3 870 kr | 579 kr | 4 449 kr |
| #48 | Oct | 53 982 kr | 3 909 kr | 540 kr | 4 449 kr |
| #49 | Nov | 50 073 kr | 3 948 kr | 501 kr | 4 449 kr |
| #50 | Dec | 46 124 kr | 3 988 kr | 461 kr | 4 449 kr |
| #51 | Jan, 2031 | 42 137 kr | 4 028 kr | 421 kr | 4 449 kr |
| #52 | Feb | 38 109 kr | 4 068 kr | 381 kr | 4 449 kr |
| #53 | Mar | 34 041 kr | 4 108 kr | 340 kr | 4 449 kr |
| #54 | Apr | 29 933 kr | 4 150 kr | 299 kr | 4 449 kr |
| #55 | May | 25 783 kr | 4 191 kr | 258 kr | 4 449 kr |
| #56 | Jun | 21 592 kr | 4 233 kr | 216 kr | 4 449 kr |
| #57 | Jul | 17 359 kr | 4 275 kr | 174 kr | 4 449 kr |
| #58 | Aug | 13 084 kr | 4 318 kr | 131 kr | 4 449 kr |
| #59 | Sep | 8 766 kr | 4 361 kr | 88 kr | 4 449 kr |
| #60 | Oct | 4 405 kr | 4 405 kr | 44 kr | 4 449 kr |
Recommended lenders
- Loan amount 5 000 - 800 000 kr
- Loan term 1 - 20 yr
- Effective interest rate 4,50 % - 21,99 %
Räntan är rörlig och sätts individuellt. För ett annuitetslån på 310 000 kr med 12 års löptid, nominell ränta 8.19 % och 0 kr i uppläggnings-/aviavgift blir den effektiva räntan 8.50 %. Totalt belopp att betala: 487 869 kr. Månadskostnad: 3 388 kr fördelat på 144 betalningstillfällen.
- Loan amount 10 000 - 800 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 4,95 % - 23,00 %
Annuitetslån 12 år. Effektiv årsränta 6,17%. Ett lån på 200 000 kr kostar då 1 952 kr/månad (144 avbetalningar), dvs totalt 281 047 kr. Ingen start-/aviavgift. 6% nominell ränta (rörlig ränta, sätts individuellt baserat på dina förutsättningar).
- Loan amount 5 000 - 800 000 kr
- Loan term 1 - 20 yr
- Effective interest rate 4,57 % - 27,85 %
Annuitetslån 12 år, belopp 400 000 kr, rörlig ränta 7,99%, uppläggningskostnad 400 kr, aviavgift 20kr, ger en effektiv ränta på 8,41%. Totalt belopp att återbetala 626 457kr, fördelat på 144 återbetalningar, ger en månadskostnad på 4 348kr.
- Loan amount 1 000 - 50 000 kr
- Loan term 3 mo - 8 yr
- Effective interest rate 37,68 %
Om ett lån på 23 000 SEK tas ut och återbetalas i 12 månatliga delbetalningar är den effektiva räntan 37,68 % och den rörliga nominella årsräntan är 21,9999735 %. Lånet har en uppläggningsavgift på 565 kr och en månatlig kontoavgift på 59 kr. Totala beloppet att återbetala är 27 013,83 SEK.
- Loan amount 1 000 - 150 000 kr
- Loan term 1 - 8 yr
- Effective interest rate 14,17 %
Kredio är endast en jämförelsetjänst och tar ingen kreditupplysning eller skapar ansökningar. Vid ett lån på 25 000 kronor med en återbetalningstid på 12 månader tillämpas en rörlig nominell årsränta på 12%. Lånet medför 36 månatliga amorteringar om cirka 695 kr, en uppläggningsavgift på 195 kr samt en månatlig administrationsavgift på 29 kr. Totalt att återbetala blir 28 543 kr vilket ger en effektiv årsränta på 14,17%. Exemplet är baserat på ett lån taget 2026-01-14.
- Loan amount 3 000 - 70 000 kr
- Loan term 3 mo - 8 yr
- Effective interest rate 28,18 %
40 000 / 22 % / 1 064 kr / 72 mån / effektiv 28,18 % / totalt 77 199; månadsavgift 59 i månadsbeloppet; upplägg 588 betalas separat vid första bruk.
- Loan amount 10 000 - 200 000 kr
- Loan term 3 - 8 yr
- Effective interest rate 22,60 %
Krediten har 19,95 % nominell rörlig årsränta, 475 kr i uppläggningsavgift och 25 kr månatlig administrationsavgift. En exempelkredit på 100 000 kr som återbetalas med 2 185 kr per månad under 90 månader har en effektiv årsränta på 22,6 %. Det innebär en total kostnad för krediten om 96 650 kr. Totalt belopp att återbetala är 196 650 kr. Löptid från 36 till 90 månader.
- Loan amount 5 000 - 800 000 kr
- Loan term 1 - 20 yr
- Effective interest rate 4,95 % - 22,99 %
För ett annuitetslån på 310 000 kr med 12 års löptid, nominell ränta 8.19 % och 0 kr i uppläggnings-/aviavgift blir den effektiva räntan 8.50 %. Totalt belopp att betala: 487 869 kr. Månadskostnad: 3 388 kr fördelat på 144 betalningstillfällen.
- Loan amount 5 000 - 800 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 4,59 % - 78,04 %
Annuitetslån 185 000 kr på 12 år (144 avbetalningar). Nom.ränta: 6,95 %. Eff. ränta: 7,18 %. Totalt att betala 273 251 kr. Månadskostnad: 1 898 kr. Ingen start-/aviavgift. Uppdaterad september 2025. Återbetalningstid 1–15 år. Nominell ränta: 4,95–22,00 %.
- Loan amount 2 000 - 200 000 kr
- Loan term 4 mo - 7 yr
- Effective interest rate 24,63 % - 36,21 %
En kredit på 20 000 kr till 22 % ränta med en återbetalningstid på sjutton månader (med sjutton återbetalningar om 1 472 kr vardera) och 588 kr i uppläggningsavgift samt 969 kr i aviavgifter ger en effektiv ränta på totalt 36,21 %. Det totala beloppet att återbetala är 25 017 kr.
- Loan amount 50 000 - 400 000 kr
- Loan term 1 - 10 yr
- Effective interest rate 7,80 % - 9,96 %
Ett privatlån på 100 000 kr med 6,80 % ränta och 5 års återbetalning får en effektiv ränta på cirka 7,5 %. Den totala kostnaden blir ungefär 117 900 kr och månadsbetalningen runt 1 960 kr.
- Loan amount 10 000 - 350 000 kr
- Loan term 2 - 12 yr
- Effective interest rate 4,02 % - 13,75 %
Vid ett lån på 90 000 kr som återbetalas på 8 år med räntan 7,27 % (inkl. aviseringsavgift 0 kr vid autogiro och uppläggningsavgift 0 kr om du ansöker om lån via www.santanderconsumer.se) blir den effektiva räntan 7,52 %. Du betalar 1 239 kr/månad och antalet avbetalningar är 96, dvs. ett totalbelopp på 118 960 kr.
- Loan amount 20 000 - 500 000 kr
- Loan term 1 - 12 yr
- Effective interest rate 8,15 %
*Ett lån på 100 000 kr med 5,23 % rörlig ränta, räntespann 3,45-13,59 % (senast ändrad 2021-06-23), med rak amortering och en återbetalningstid på 5 år, ger en effektiv ränta på 5,49 % (5,36 % för Nyckelkund). Aviseringsavgiften är 0 kr och uppläggningsavgift 300 kr (0 kr för Nyckelkund). Totalt belopp att betala under lånets löptid är 113 593 kr (113 293 kr för Nyckelkund).
- Loan amount 10 000 - 500 000 kr
- Loan term 1 - 12 yr
- Effective interest rate 6,29 % - 14,53 %
Räntan på lånet sätts individuellt. Vid ett exempel med ett lån på 100 000 kr med löptid på 7 år och räntan 3,95 % blir totalkostnaden 114 515 kr och månadskostnaden 14 515 kr. Effektiv ränta blir då 4,19 %.
- Loan amount 20 000 - 350 000 kr
- Loan term 2 - 10 yr
- Effective interest rate 6,95 % - 14,40 %
Om den rörliga årsräntan är 4,90 %, blir den effektiva räntan 5,61 % för ett annuitetslån på 22 000 kronor upplagt på 5 år (60 återbetalningstillfällen), och med en uppläggningsavgift på 300 kronor. Det totala beloppet att betala, vid oförändrad ränta blir 25 150 kronor och din månadskostnad blir 414 kronor. Årsränta per 2020-03-02.
- Loan amount 10 000 - 800 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 4,95 % - 23,00 %
Räkneexempel: Annuitetslån 12 år. Effektiv årsränta 6,17%. Ett lån på 200 000 kr kostar då 1 952 kr/månad (144 avbetalningar), dvs totalt 281 047 kr. Ingen start-/aviavgift. 6% nominell ränta (rörlig ränta, sätts individuellt baserat på dina förutsättningar). Återbetalningstid 1-15 år. Maximala räntan är 23%. Räntespann mellan: 4,95%-23%.
- Loan amount 10 000 - 600 000 kr
- Loan term 1 - 15 yr
- Effective interest rate 6,21 % - 27,80 %
Vid ett privatlån på 135.000 kr som återbetalas på 10 år med räntan 11,49 % blir den effektiva räntan 12,47 %, inklusive månadsavgift 19 kr och uppläggningsavgift 399 kr. Du betalar 1.922 kr/månad (1.903 kr utgör amortering och ränta, 19 kr utgör månadsavgift och antalet avbetalningar är 120), dvs. ett totalbelopp på 230.625 kr. Räntan är rörlig och kan variera från 5,99 % till 18,99 %. Den effektiva räntan kan variera från 6,21 % till 27,80 % (oktober 2026).
How to Apply for a Car Loan in Sweden
Applying for a car loan in Sweden is usually a simple online process. Most lenders and loan brokers let you apply with BankID and receive one or several offers based on your financial situation.
- Decide your budget
Start by deciding how much you can afford to spend each month. Include the loan payment, insurance, fuel or charging, tax, service and other car-related costs. - Compare lenders
Compare offers from banks, loan brokers and car dealers. Look at the effective interest rate, monthly payment, fees and total repayment cost. - Check the requirements
Before applying, check the lender’s basic requirements. These usually include age, income, Swedish residency, BankID and no active debt with Kronofogden. - Submit your application
Fill in the application with your personal details, income, employment information and requested loan amount. In many cases, you can sign and verify your application with BankID. - Receive loan offers
If you use a loan broker, you may receive offers from several lenders. Compare the offers carefully instead of only choosing the lowest monthly payment. - Review the terms
Check the interest rate, repayment period, setup fee, monthly fees and early repayment options. Make sure you understand the total cost before accepting. - Sign the agreement
Once you have chosen an offer, you sign the loan agreement digitally. The lender will then process the loan and prepare the payout. - Buy the car
After the loan is paid out, you can complete the car purchase. If you use dealer financing, the payment may be handled directly between the lender and the dealership.
Can Foreigners Get a Car Loan in Sweden?
Yes, foreigners can get a car loan in Sweden, but they usually need to meet the same basic requirements as Swedish borrowers. Most lenders require a Swedish personal identity number, registered address in Sweden, regular income and a Swedish bank account. BankID is also commonly needed for online applications and signing the loan agreement.
Can You Get a Car Loan With Bad Credit?
Yes, it may be possible to get a car loan with bad credit in Sweden, but your options will usually be more limited. Lenders may offer a lower loan amount, higher interest rate or require a co-applicant. If you have active debt with Kronofogden, it is much harder to get approved.
How Do The Lenders Score On Trustpilot?
Trustpilot scores can be a useful way to compare customer experiences between different car loan lenders. In our comparison table, we include each lender’s Trustpilot rating to give you an idea of how other customers rate their service, application process and overall experience.
Car Loans for Electric Cars in Sweden
Financing an electric car in Sweden works much like financing any other car, but there are a few differences to consider. Electric cars often have a higher purchase price than comparable petrol or diesel cars, which can mean a larger loan amount or longer repayment period. At the same time, running costs may be lower because electricity is often cheaper than fuel and EVs usually have fewer moving parts to maintain.
Green Car Loans and Sustainability Discounts
Some Swedish lenders offer green car loans or sustainability discounts for electric cars and other low-emission vehicles. These loans may come with a lower interest rate or better terms if the car meets the lender’s environmental criteria.
For example, Swedbank currently offers a 2% discount on green car loans for electric cars, while Nordea offers a 0.5% interest discount for cars with 100% electric drive. Because these offers can change, it is always worth checking the lender’s latest terms before applying.
Mistakes to Avoid When Taking a Car Loan
One of the biggest mistakes is only looking at the monthly payment. A low monthly cost can seem attractive, but it often means a longer repayment period and a higher total cost. Always check the effective interest rate, fees and total repayment amount before choosing a loan.
You should also avoid borrowing more than you actually need. Cars usually lose value over time, so taking a large loan for a more expensive car can become costly. Before applying, make sure your budget includes:
- Insurance
- Fuel or charging
- Service and repairs
Finally, do not accept the first offer without comparing alternatives. Banks, loan brokers and dealer financing can all have different interest rates and terms. Comparing several options can help you find a cheaper loan and avoid conditions that do not fit your situation.
Pros and Cons of Car Loans
- You can buy a car without paying everything upfront
- The cost is spread out over time
- You may get a lower rate with a secured car loan
- You keep more cash available
- Useful for both new and used cars
- Interest and fees increase the total cost
- Monthly payments can affect your budget
- The car may lose value faster than you repay the loan
Why trust billån.se?
The team
Only lenders supervised by the Swedish Financial Supervisory Authority Frequently Asked Questions
Can I get a car loan without a down payment?
Yes, it is possible with an unsecured personal loan, since the car is not used as collateral. Secured car loans through dealerships usually require a down payment.
Is a secured car loan cheaper than an unsecured loan?
A secured car loan can be cheaper because the car is used as collateral. However, it may come with more conditions, such as down payment requirements and limits on the car’s age or value.
Can I finance a used car in Sweden?
Yes, both new and used cars can be financed in Sweden. For used cars, the available loan type may depend on the car’s age, condition, mileage and whether you buy from a dealer or private seller.
Can foreigners get a car loan in Sweden?
Yes, foreigners can get a car loan in Sweden if they meet the lender’s requirements. Most lenders require a Swedish personal identity number, registered address, regular income, Swedish bank account and BankID.
Is leasing better than taking a car loan?
Leasing can be better if you want predictable monthly costs and do not need to own the car. A car loan is usually better if you want ownership and more control over how long you keep the vehicle.
Emil är expert på billån.se med lite över 3 års erfarenhet av lånemarknaden. Med en bra känsla för detaljer och ett genuint intresse för privatekonomi strävar han efter att hjälpa läsare att fatta välgrundade beslut.