Home Small loan

A new home or refurbishment - now it’s a breeze!

A new and simple solution if you’re looking to buy a property or undertake serious renovation work at your home for up to 20,000 EUR.

  • Loan from 5,000 EUR to 20,000 EUR.
  • No down payment
  • Money available in the account immediately after setting up the contract

Calculate the monthly payment

The size of your monthly payment depends on the amount of your consumer loan for home and the period of your loan. Choose the loan amount and repayment period.

Amount:
Repayment period:

The data provided by the calculator is only indicative, however it gives you a fairly good idea of what could be the size of your monthly payments for the consumer credit for home. Borrow responsibly by fairly assessing your loan repayment capabilities! Breakdown of the calculation

Monthly payment:
0
Commision fee:
0
Guarantor’s application

Consumer credit for home is a new and simple solution if you’re looking to buy a property for up to 20,000 EUR or undertake serious renovation and refurbishment work at your property.

  • Property valuation not required
  • The money available in your account immediately after setting up the contract
  • Better value - interest rate lower than in case of standard consumer credit - from 9% The interest rate calculated on an individual basis considering your regular income, existing loan commitments and credit history
  • For convenience in expense planning - the repayment is by monthly instalments according to a payment schedule

Consumer credit for home:

  1. Fill out the application via Internet Banking or at any Swedbank branch.
  2. After submitting the application you will be contacted by a bank employee.
  3. Sign the loan agreement on the Internet Banking site.
  4. After signing the contract, the money will be transferred to your current account with Swedbank within a couple of minutes.
  5. Congratulations!
    • If the plan is to buy real estate, then it must be purchased within 90 days after receiving the loan and must be registered in your name with the Land Register.
    • If the loan is for refurbishing or renovating your existing real estate, then it must be started within 90 days after receiving the loan.
  6. For the sake of security, don’t forget to set up home insurance.
  • Passport (if no bank account with Swedbank)
  • At least 18 years of age
  • Regular income of at least EUR 600 a month after taxes
  • Positive credit history (if any loans have been taken out in the past)
  • Total monthly loan payments may not exceed 30% of the total monthly income
  • Customers who, at the time of issuing the loan, do not receive their income in their account with Swedbank, must ensure, within the following 3 months, that their salary or funds equivalent to their salary are transferred to their account at Swedbank
  • If you’re borrowing to refurbish a home, then it must be your property and refurbishment must be started within 90 days after receiving the loan. A failure to do so will result in the standard consumer credit rate being applied to your loan.
  • If you’re borrowing to buy real estate, then the property must be registered in your name with the Land Register within 90 days after receiving the loan. A failure to do so will result in the standard consumer credit rate being applied to your loan.
Service Price, EUR
Receiving
Loan disbursement Easier via Internet Banking 1% of the amount, min. 100.00
Using
Interest rate From 9% per annum
Change of monthly payment date or the linked account Best value via Internet Banking 0.00 - 7.00
Other changes in the loan agreement Easier via Internet Banking 25.00
Early partial repayment of the credit Easier via Internet Banking Free of charge
Closing
Full early repayment of the credit Easier via Internet Banking Free of charge

Effective from 18.04.2017.

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