Personal loan calculator
Calculate the monthly payment and total interest of an unsecured personal loan (privatlån) in Sweden from the amount, the interest rate and the term in years.
Monthly payment
2 051,65 kr
- Amount borrowed
- 100 000,00 kr
- Interest, first month
- 708,33 kr
- Amortization, first month
- 1 343,32 kr
- Total interest
- 23 099,00 kr
- Total repaid
- 123 099,00 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).
- 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 personal loan is calculated
A personal loan is a loan without security, repaid as an annuity: the same amount every month for the whole term.
How the monthly payment is worked out
Interest is charged every month at the annual rate divided by twelve on what’s left of the loan. The payment is set so the loan is fully repaid by the end of the term. At first most of each payment is interest; towards the end most of it repays the loan.
The calculator shows the monthly payment, the total interest and how much you repay in total.
What isn’t included
Setup and billing fees aren’t included, nor is the effective rate the lender states in its offer. The interest gives no deduction either: from the 2026 tax year, the deduction for unsecured loans is gone.
Questions
Frequently asked questions
Does a personal loan give an interest deduction?
No. From the 2026 tax year, interest on loans without security, such as personal and blanco loans, gives no tax reduction. Only mortgages and loans with security, like a car loan, do.
How does the term affect the cost?
A longer term gives a lower monthly payment but more interest in total, since you borrow the money for longer. Try different terms in the calculator and compare the total interest.
What is the effective interest rate?
The rate including fees such as setup and billing fees, expressed as a yearly rate. Lenders have to state it. The calculator uses the nominal rate, so look at the fees in the offer.
Why is the rate higher than on a mortgage?
A personal loan has no security. If you can't pay, the lender has no home or car to fall back on, so the risk – and the rate – is higher. The rate is also set from your own finances.