SEB review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

SEB is a Swedish bank offering both a personal loan and a home loan, and it is supervised in Sweden by Finansinspektionen. It suits borrowers already banking with SEB, with a home loan at 2.67% and 2.98% and personal loan rates of 6.2% to 13.65% on amounts of SEK 20,000 to SEK 350,000.

Key facts

Best for
Borrowers already at SEB who want a low rate home loan or a quick personal loan.
Initial rate
2.67% (Source, checked September 26, 2026)
APRC
2.98% (Source, checked September 26, 2026)
Fixed period
0.25 to 10 years (Source, checked September 26, 2026)
Maximum loan to value
90% (Source, checked September 26, 2026)
Product fee
SEK 0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, Home-equity (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Skandinaviska Enskilda Banken AB (publ) (Source, checked September 26, 2026)
Headquarters
Sweden (Source, checked September 26, 2026)
Founded
1856 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Official website
seb.se

Loans

APR
6.2% to 13.65% (Source, checked September 26, 2026)
Loan amount
SEK 20,000 to SEK 350,000 (Source, checked September 26, 2026)
Term
24 to 120 months (Source, checked September 26, 2026)
Arrangement fee
300 SEK setup fee (uppläggningsavgift) (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Usually disbursed within 24 hours on weekdays; decision by SMS within 48 hours (Source, checked September 26, 2026)
Representative example
Enkla lånet: nominal annual rate 6.20-13.65%; example 8.32% annual rate, 8.79% effective rate, SEK 100,000 loan, 5 years (60 instalments), SEK 300 setup fee, rate as of 1 October 2025 (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Aged 20 or over, permanent income of at least SEK 29,200 per month, free of payment remarks, registered in Sweden for at least three years; must be an existing SEB customer with internet banking (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Skandinaviska Enskilda Banken AB (publ) (Source, checked September 26, 2026)
Headquarters
Sweden (Source, checked September 26, 2026)
Founded
1856 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
WikidataLinkedInX

Pros and cons

Pros

  • The home loan starts at 2.67% with an APRC of 2.98%, ranking 14 of 145 brands on that measure.
  • Borrowing up to 90% of the property value, with a fixed period of 0.25 to 10.
  • The personal loan carries a product fee of SEK 0 and a setup fee of 300 SEK setup fee (uppläggningsavgift), and early repayment is free.
  • A text decision usually lands before the money reaches the account on the next weekday.

Cons

  • Personal loan rates of 6.2% to 13.65% are variable, so the amount paid can move with the market.
  • Eligibility is narrow: an existing SEB customer with internet banking, permanent income and a record free of payment remarks, plus a hard credit check.
  • Support runs on phone and help centre only.
SEB

Ready to try SEB?

Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Existing SEB customers in Sweden who want a home loan at 2.67% with a short fixed period.
  • Borrowers with permanent income and a record free of payment remarks who can settle a home improvement bill with SEK 20,000 to SEK 350,000 over 24 to 120.
  • Homeowners who want to fix the rate for 0.25 to 10 and review it later.

Who should look elsewhere

  • Prestalo, listed at 2.36%, if the headline rate matters more than staying with your current bank.
  • Sofkredit, whose personal loan rates of 8% to 14% overlap the SEB band, so it is worth a side by side check.
  • Creditilia ES at 4%, if you would rather not tie the home loan to an existing SEB account.

How SEB compares

Where SEB is available

Available
Sweden
Licence in Sweden
Finansinspektionen, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does an SEB personal loan cost?+

The personal loan runs at an APR of 6.2% to 13.65%, well above the home loan rate. There is a setup fee of 300 SEK setup fee (uppläggningsavgift) and a product fee of SEK 0 on the account, so the total cost depends mostly on how much you borrow and for how long you keep it.

What does the SEB representative example show?+

The Enkla lånet example uses an annual rate from the lower part of the 6.2% to 13.65% range with an effective rate a little higher, and it already includes the 300 SEK setup fee (uppläggningsavgift). Compare the effective rate with rivals rather than the nominal one, and remember the example is dated, so the figure can move.

How fast is the money on an SEB personal loan?+

The stated timeline is a decision by text message, with money usually reaching the account on the next weekday, so it suits planned spending rather than emergencies. The hard credit check is the part that most often decides how long you wait.

How much can I borrow and over what term?+

Personal loans run from SEK 20,000 to SEK 350,000 and can be repaid over 24 to 120. That covers small repairs through a longer loan for debt consolidation, and the setup fee of 300 SEK setup fee (uppläggningsavgift) takes a bigger share of the smallest amounts.

Who is behind the lending and who supervises it?+

SEB lends directly as Skandinaviska Enskilda Banken AB (publ), a Swedish bank supervised by Finansinspektionen. As a direct lender it sets the rate itself, so the pricing you see is the bank's own rather than a broker's panel.

Who qualifies to apply?+

Applicants must be adults with permanent income, free of payment remarks and registered in Sweden for several years, and they need to be an existing SEB customer with internet banking. A hard credit check runs on the application, so a thin file leaves little room.

How much can I borrow against my home?+

The home loan runs at an initial rate of 2.67% with an APRC of 2.98% and borrowing up to 90% of the property value. The fixed period runs 0.25 to 10, so a short fixed window leaves the rate open for longer.

Can I repay an SEB loan early?+

Early repayment on the personal loan is free, so clearing the balance ahead of the 24 to 120 schedule costs nothing extra. That makes the loan easier to run down, and it suits borrowers who want a home improvement bill closed off as soon as the money is spare.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

SEB

SEB

Borrowers already at SEB who want a low rate home loan or a quick personal loan.

9.3/10See alternatives

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