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Credit Card Payoff Calculator: Sweden

See how long a credit card takes to pay off at your APR, the interest it costs, what minimums really cost, and the payment to be debt-free by a date.

Reviewed by CentExactRates effective 1 sourceCalculated in your browser. Shared links include inputs.

Sweden: a cap that floats with the reference rate, and a cap on the total

Sweden's consumer credit rules do two things at once, and only the first is what people expect. The rate cap limits interest to the Riksbank's reference rate plus 20 percentage points, so the ceiling moves with monetary policy rather than sitting at a fixed number; when the reference rate rises, so does the legal maximum. Both figures changed on 1 March 2025: the addition came down from 40 points to 20, and the caps stopped being a special regime for high-cost credit and now cover essentially every consumer credit except a mortgage, a card balance included.

The second cap is the more effective one. The cost cap limits the total of interest, fees and charges to the amount borrowed, counted per drawdown on a revolving account. However long a Swedish consumer credit runs, it cannot cost more than double what was drawn on it. That is a ceiling this calculator does not model: it works out the interest the schedule produces, so on a long minimum-payment plan the total interest above may exceed what a Swedish lender is allowed to collect.

Issuers typically require about 3% of the balance a month, with the month's interest taken from within it and a floor of about 150 kr on small balances. Swedish card interest is not deductible in the way mortgage interest is, so the headline rate is the rate you pay.

For how the calculation works, the formula behind it and what it leaves out, see the full guide. For help interpreting a result or comparing it with a quote or statement, read the questions and answers.

Data sources

Swedish consumer finance conventionsPensionsmyndighetenWithin its effective period

Every document each dataset was read from, its notes and how the figures were checked are listed in the guide's data sources.

This calculator in other countries

Each country has its own rates, thresholds and rules, and its own page that runs the calculator on them and cites the official sources they came from.

CentExactCalculator publisher

CentExact publishes the calculation method, worked examples and available data sources. Automated checks cover reference calculations; they do not certify a result for your circumstances or imply approval by a lender or tax authority.

How we build and test our calculators

This calculator is for general information only and is not financial advice. Results are estimates based on the figures you enter and the stated formula; lenders and providers may round or calculate differently. Check any decision with the institution involved or a qualified adviser.