You can now apply for amortisation relief

As a private customer, you now have the opportunity to apply for amortisation relief for your loans if your economic situation has been affected by the spread of the coronavirus. This relief temporarily removes the requirement to pay on the principal of your loan, and you would only be expected to pay the interest and any fees.

Changes to travel plans?

Do you have a trip planned in the near future, or are you thinking about booking one? We have collected information about the guidelines surrounding cancellation if you get sick while travelling.

Travelling in times of the coronavirus? Here are the facts 

Are you infected with the coronavirus and unable to work? Here are some things you should consider:

Are you on sick leave, in home quarantine or have lost your job because of the coronavirus? Here are some tips on helping to manage your personal finances in troubled times.

If you are on sick leave or in home quarantine:

  • Keep close contact with your employer and make sure that you get all relevant information.
  • Depending on your situation, check whether you are eligible for sick pay from your employer, sickness benefit from Försäkringskassan or disease carrier’s allowance from Försäkringskassan. Also check how to apply for it.
  • Swedbank and many other banks have introduced amortisation relief. This relief temporarily removes the requirement to pay on the principal of your loan, and you would only be expected to pay the interest and any fees. Check with your bank to see what is available, and make sure to apply as soon as possible to reduce the pressure on your personal finances.

If you are temporarily laid off 

  • Keep close contact with your employer to learn what applies for the temporary layoff.
  • Swedbank and many other banks have introduced amortisation relief. This relief temporarily removes the requirement to pay on the principal of your loan, and you would only be expected to pay the interest and any fees. Check with your bank to see what is available, and make sure to apply as soon as possible to reduce the pressure on your personal finances.

If you are a job seeker or have been given notice

  • Notify the Swedish Public Employment Service (Arbetsförmedlingen).
  • Keep close contact with your employer to see if there are other job opportunities available. 
  • If you are not a member of an unemployment insurance fund (A-kassa), make sure to register at one of them. 
  • Swedbank and many other banks have introduced amortisation relief. This relief temporarily removes the requirement to pay on the principal of your loan, and you would only be expected to pay the interest and any fees. Check with your bank to see what is available, and make sure to apply as soon as possible to reduce the pressure on your personal finances. 

For more information

The government’s website about the coronavirus (in Swedish) 
Försäkringskassan’s website for questions regarding insurance (in Swedish and English)
The Swedish Public Employment Service’s website for terms and conditions concerning the unemployment insurance fund (in Swedish, English and a number of other languages) 

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You are always welcome to contact us. Right now, we recommend that you manage your bank errands via the app, internet banking or by phone. When you call us, choose personal service in order to get personal assistance. Our advisors can assist you in both Swedish and English.

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