Bank Loans in Sweden – Compare Offers for the Lowest Interest Rates

When you need a bit of extra money for a larger purchase or an unforeseen expense, a bank loan might be a good idea. Although going to your regular bank may feel convenient, it’s not always the wisest decision for your wallet. To find the bank loan with the lowest interest rate in Sweden, you should always compare offers.

Compare Bank Loans in Sweden up to SEK 600 000

At Sambla, we work with over 40 banks and lenders who compete to give you the best loan deals. Our service is free, and all lenders share the same UC credit report. By comparing offers through us, you’ll find the cheapest bank loan possible. You can borrow money from SEK 5 000 to SEK 600 000, with repayment periods from 1 to 15 years.

How to Apply for a Bank Loan in Sweden Through Us

• Simply complete the form on our website and specify the amount you wish to apply for. Your application is sent free of charge to all our partners who use the same credit report through UC.
• All partners will give you their best bank loan options., often within 24 hours. You can then pick the one with the lowest interest rate.
• Once you’ve made your decision, sign the agreement using BankID, and your bank loan will be deposited into your account within a few days.

We broker unsecured bank loans, meaning you can then use the money however you want. Our advisors are always available during the process.

What Is a Bank Loan?

A bank loan is essentially money borrowed from a bank. It’s a widely used term since most loans are provided by banks. When you take out a bank loan, you agree to borrow a certain amount of money and repay it over time, plus an additional fee called interest.

What Is a Loan Agreement?

The loan agreement outlines the principal amount to be repaid, the interest rate, and the repayment term. When you use Sambla to compare bank loans, we take care of all the paperwork and details for you.

Different Types of Bank Loans

Here are the main types of bank loans:

Blank Loan

A blank loan – also known as a personal loan – has no collateral and can be used for anything you want, such as travel or renovation.

Car Loan, Boat Loan or Motorcycle Loan

These loans are meant for purchasing a car, boat, or motorcycle, typically with the vehicle serving as collateral.

Mortgage

A mortgage loan is used for purchasing a home. Car loans can also be called mortgage loans since the term refers to the collateral.

Consolidation Loan

A bank loan for collecting your existing debts and credits in one. Perfect for getting an even better interest rate and a much better overview.

Student loan

A student loan is used to finance your studies while at university.

Business Loan

Simply a bank loan for businesses.

Other Loan Options

Different from bank loans, there are options like payday loans and peer-to-peer loans for borrowing money. You could also borrow from family or friends, but this can strain relationships.

What Does Collateral on a Bank Loan Mean?

Collateral on a bank loan means using something valuable, like a home, car, investments, or money on a savings account, as a guarantee. This can lower the interest rate. But if you can’t repay the loan, the bank can take your collateral.

How Do I Get a Bank Loan in Sweden?

To qualify for a bank loan from our partners, you need to:

• Be at least 18 years old
• Have been registered in Sweden within the past year
• Not owe any money to the Swedish Enforcement Authority
• Have a monthly income of at least SEK 8 400.

These are the main requirements, but each bank or lender may have different preferences and conditions for borrowers. Therefore, it’s crucial to compare loan options from various lenders – and you can do that for free with us.

Better for Your Credit Rating

Even though we partner with over 40 banks and lenders, only one credit report with UC is conducted. This helps maintain your credit rating so you can still access low interest rates on bank loans. So, instead of the traditional bank visit, you can apply and sign for a bank loan from home – with a better interest rate.

What Interest Rate Will I Get on My Bank Loan?

The rate depends on the bank or lender. They look at your income, debts, and credit report to decide. We’ll work to find you the best rate based on your situation. Comparing options helps you find the cheapest loan.

Paying Back Your Bank Loan

When you get a loan from your chosen bank, you and the bank will agree on a repayment period and a structure that suits your financial situation. Normally, you pay back the bank loan monthly with interest. You can choose to pay more or pay off the entire loan whenever you want. Contact the lender in question and they will help you further.

When you apply for a loan through us, we are with you the entire process if questions arise.

How To Get the Cheapest Possible Bank Loan in Sweden

Apart from comparing lenders to secure a favorable bank loan, you can consider adding a co-applicant. They share the payment responsibility and enhance financial stability, increasing your chance of a cheaper loan.

A co-applicant is simply a financially stable and trusted individual – not necessarily a relative. Applying with two incomes boosts credibility with lenders, leading to better loan terms.

Improve Your Credit Rating

It’s crucial to maintain a strong credit score for better loan deals. Too many credit checks in a short span can lower your score, leading to pricier loans. Comparing loans and allowing all lenders to access the same credit report helps avoid this costly situation. To enhance your credit score and improve your chances of securing a favorable bank loan, avoid excessive credit reports, close unnecessary accounts, pay off small loans, and consolidate debts.

Comparing Bank Loans in Sweden Is Easy

Finding the right bank loan might seem like a big task, but we’ve streamlined it for you. Simply complete the form above, and we’ll have lenders compete to offer you the best rates. Usually, it takes 1–3 days from signing the loan documents to having the money in your account.

Questions or need help? We’re here for you!