We at have reviewed the latest statistics (March 2018) from Statistics Sweden to find out how the mortgage lending in Sweden is. We have, among other things, gone through Statistics Sweden’s Financial Market Statistics, which is produced by Statistics Sweden, the Unit for Balance of Payments and Financial Market Statistics, on behalf of Sveriges Riksbank.
Average interest rates in March 2018:
Private loans: 4.3%
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What is the cost of mortgages today? According to the publication above, the average lending rate was 1.56% (March 2018) for new loans taken for residential purposes (read housing law and villas).
Blank loans accounted for 6.2% (6.67%) of total lending in March 2018 (February 2015)
In March 2018, households had borrowed SEK 238 billion in the form of blank loans. Blank credits are defined as: “Loans granted without any collateral or guarantee. Often, this type of loan has a high interest rate compared to loans where there is security, eg. housing. The statistics also include debit card receivables and credit card credits in blank credits as they generally lack security ”.
Unfortunately, we did not find new statistics on the number of credit cards when we updated this page, so we left the following information from the end of 2015: “At the end of last year, MFIs (monetary financial institutions, read banks and credit card companies) had released 19,688,000 (19,7 million) payment and credit cards to the Swedish people. The receivables on these cards were SEK 69.449 million (SEK 69.5 billion). This corresponds to SEK 3525 per card, which can be considered a rather small amount. This is due to the fact that most people repay their debts on the credit card and therefore the claims that are not repaid in their entirety are collected on a much fewer number of cards / individuals. In addition, many payment and credit cards are issued but not used. Note that the interest rate on credit cards is normally much higher than the interest rate on private loans (a kind of blanket loan) and therefore we recommend at that you pay off debts that you have on credit cards with pure private loans. ”
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