Compare Mortgages in Sweden

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19 live offers compared from 19 providers, from 3.49% initial. Updated daily.

What are mortgages in Sweden?

A mortgage (bolån) is a secured loan used to buy a home in Sweden, with the property itself pledged as collateral. Swedish borrowers typically fund a purchase with a kontantinsats (cash deposit) of at least 15% of the price, because regulation caps the loan at 85% of the property value. The remaining balance is financed by the mortgage, repaid over many years alongside interest and, in most cases, mandatory amortisation.

Rates on the Giraffy panel currently run from roughly 3.49% to 6.75% effektiv ränta, depending on the fixation period, your loan-to-value ratio and how much of your banking you concentrate with one lender.

How the Swedish mortgage market works

You can choose a rörlig ränta (variable, usually reset every three months) or a bunden ränta (fixed for terms from three months up to five years). Variable rates tend to be lower but move with the market; fixed rates give budgeting certainty at a premium.

Finansinspektionen (FI) imposes an amorteringskrav: broadly, you amortise 2% of the loan per year above 70% loan-to-value, then 1% between 50% and 70%, with an additional 1% required when total mortgage debt exceeds 4.5 times gross household income. Swedish banks must also publish a snittränta (the actual average rate customers paid) alongside the advertised listränta, so you can see how much room there is to negotiate.

Benefits of a Swedish mortgage

Interest tax relief — Sweden grants a ränteavdrag of 30% on mortgage interest (on interest up to a threshold), lowering your real cost.

Negotiable pricing — Tying more business to a bank, or a lower loan-to-value ratio, typically earns a rabatt off the list rate.

Rate certainty on demand — Fixing for one to five years protects you from rising rates if you value predictable payments.

How to choose

Compare on effektiv ränta, which folds in fees, rather than the headline rate alone. Weigh variable versus fixed against your tolerance for payment swings, check the amortisation you will owe at your loan-to-value level, and always ask the bank for its discounted rate rather than accepting the listränta. If you might move within a few years, a shorter fixation or variable rate avoids early break costs.

Leading mortgage providers in Sweden

Established banks such as Swedbank and Handelsbanken remain dominant, while digital and challenger lenders including Hypoteket, Avanza, ICA Banken, Klarna Mortgage SE, Collector and Aros Kapital compete hard on price and a smoother online application. The digital players in particular have pressured the traditional Big 4 by publishing sharp variable rates with less need to bundle other products.

What a mortgage costs

Your main cost is interest, quoted as effektiv ränta and currently spanning about 3.49% to 6.75% across the panel. On top of that you may pay a valuation or arrangement fee, and you must budget for ongoing amortisation. Remember the 30% ränteavdrag reduces the effective interest burden at tax time.

Protections and regulation

Mortgage lenders are supervised by Finansinspektionen, which sets the loan-to-value cap, the amorteringskrav and the debt-to-income rules. Consumer rights around lending information and marketing are overseen by Konsumentverket. Note that deposit protection schemes like insättningsgarantin cover money you hold with a bank, not the loan itself.

Common questions

How large a deposit do I need? — At least 15% of the purchase price, since the mortgage is capped at 85% loan-to-value.

Is variable or fixed better? — Variable is usually cheaper but fluctuates; fixed costs more but locks your payment for the chosen term.

Can I negotiate the rate? — Yes. Compare the snittränta to the listränta and ask for a discount, especially at lower loan-to-value or when moving more business to the bank.

Mortgages in Sweden — FAQ