Car loan calculator
Calculate the monthly payment and total interest of a car loan (billån) in Sweden — with your down payment, the term and an optional residual (balloon) debt.
Monthly payment
3 913,23 kr
- Amount borrowed
- 200 000,00 kr
- Interest, first month
- 1 083,33 kr
- Amortization, first month
- 2 829,90 kr
- Total interest
- 34 793,80 kr
- Total repaid
- 234 793,80 kr
How we calculate
Assumptions
This result is an estimate for information only and is not financial advice. Contact your lender for an exact offer.
Last updated
- Annuity loan: the same payment every month, split between interest and repayment.
- The interest rate is fixed for the whole term and compounded monthly (annual rate ÷ 12).
- A residual debt (balloon) is left unpaid after the last monthly payment. You pay interest on it every month and repay or refinance it at the end. A percentage is of the purchase price.
- Fees, taxes, insurance and interest deductions are not included.
- Amounts are in Swedish kronor (SEK), rounded to the nearest öre.
How it works
How the car loan is calculated
A car loan is an annuity loan: you pay the same amount every month for the whole term. At first most of it is interest; towards the end most of it repays the loan.
How the monthly payment is worked out
The amount borrowed is the car’s price minus your down payment. Interest is charged every month at the annual rate divided by twelve, and the payment is set so the loan is paid off by the end of the term – or down to the residual debt, if there is one.
Residual debt
With a residual debt, part of the loan is left unpaid after the last month. The monthly cost is lower, but you pay interest on the residual the whole time and have to settle it when the contract ends – with your own money, a new loan or by selling the car. You can enter it in kronor or as a percentage of the car’s price, the way lenders often quote it.
What isn’t included
Setup and billing fees, insurance and the effective rate aren’t included. To see what the car costs with insurance, tax and tyres, use the getting a car calculator.
Questions
Frequently asked questions
What is a residual debt?
Part of the loan left unpaid after the last monthly payment, sometimes called a balloon. It lowers the monthly cost, but you pay interest on it every month and have to pay or refinance it when the contract ends.
How much down payment is needed?
Many lenders require at least 20 percent of the car's price. The calculator doesn't check lender requirements – it uses the down payment you enter.
What is the effective interest rate?
The rate including fees such as setup and billing fees, expressed as a yearly rate. The calculator uses the nominal rate without fees, so the effective rate in an offer is higher.
Do I get an interest deduction for a car loan?
Yes, if the car is security for the loan, as it is in an ordinary car loan. From the 2026 tax year, unsecured personal loans give no interest deduction. Work out the deduction with the tax refund calculator.
Is it better to buy the car with a personal loan?
A car loan usually has a lower rate because the car is security, and its interest is deductible. A personal loan leaves the car free of lender conditions, but often has a higher rate and no interest deduction.