More than 2 million Swedes have some form of private loan. Examples of private loans can be member loans via the union, car loans without the car as collateral, consumption loans or that you have borrowed money to renovate or solve an unwanted situation. It may also be that you have traded goods on installment or credit cards and account credits.
No matter what, the interest rates on these types of loans are record low at the moment.
Note that the table does not take into account deviating factors such as payment remarks, but is based on the average customer with fixed employment and good creditworthiness. In practice, therefore, you may have a lower or higher interest rate than the ones stated.
The table is only intended to give an indication of where interest rates on unsecured loans are today based on income and age, which in combination with the creditworthiness are two very crucial factors in the banks’ decision-making basis.
Examples of other important factors that can contribute to getting lower interest rates are whether you are with your spouse / cohabitant as co-applicant or if you live in a condominium or villa.
Factors that are often to your detriment are payment remarks, if many credit reports have been made over the last twelve months or if you have many small loans and credits such as the purchase of furniture, travel and electronics on installments or used or even unused credit and credit cards.