Are you having trouble repaying?
Are you having trouble repaying your home equipment loan because your income is too low?
You can apply to pay a smaller monthly amount (reduced payment) for a year or stop paying (deferred payment) for a year. You must reapply each year that you want to pay less or not at all.
When can you pay less or not at all?
If your family's income is below a certain amount, you have the right to reduced or deferred payment. The maximum income depends on the size of your family. The table below shows the rules for 2017.
|Size of your family||Maximum income for deferred payment in 2017 (kronor)|
|1 adult||125 440|
|1 adult + 1 child||143 360|
|1 adult + 2 children||161 280|
|1 adult + 3 children||179 200|
|1 adult + more than 3 children||197 120|
|2 adults||179 200|
|2 adults + 1 child||224 000|
|2 adults + 2 children||268 800|
|2 adults + 3 children||313 600|
|2 adults + more than 3 children||358 400|
Other rules apply if you are living outside Sweden. If you want to know more about the rules, contact CSN.
Example - Majid and Farzaneh can pay less
Majid and Farzaneh have taken out a home equipment loan and have a debt of 32 300 kronor. They have four children. Majid has a part-time job and earns 120 000 kronor a year. Farzaneh also works part-time and earns 170 000 kronor a year. So their joint income is 290 000 kronor. They apply to pay 200 kronor a month. Because their joint income is below 358 400 kronor (the maximum for 2 adults + more than 3 children), CSN approves their application.
If Majid and Farzaneh apply not to pay at all during the year, their application will also be approved.
Example - Marina has to pay
Marina has taken out a home equipment loan and has a debt of 19 000 kronor. She is the single mother of one child. Marina has a full-time job and earns 175 000 kronor a year. She applies for deferred payment. Because Marina's annual income is above 143 360 kronor (the maximum for 1 adult + 1 child), her application is denied and she has to pay the invoices that CSN sends to her.
Keep in mind that interest accumulates during the time that your payment is deferred. In other words, your total debt will be larger if you don't pay anything. So it might be a better idea to pay a little every month. You can also make voluntary payments during the time that your payment is deferred.
Example - The interest on Kim's loan accumulates
Kim has a debt of 16 500 kronor. CSN has approved her application for deferred payment. During the time that her payment is deferred, the interest accumulates at the previous 2,85 percent rate. As a result, Kim's debt increases by 470 kronor (16 500 x 0,0285 = 470) during the year.
What is included in your income?
When CSN checks whether you qualify for reduced or deferred payment, it looks at your family's total taxable annual income. Income includes wages, unemployment benefits, parents' allowance and taxable care allowance, as well as dividends or capital gains on shares, mutual funds, etc. Social allowance is not included. All income is before taxes.
CSN receives an income statement for you from the Swedish Tax Agency. If it turns out that you submitted an inaccurate income statement so that you didn't qualify for reduced or deferred payment, we can require you to repay the money. So it's important to tell us as soon as possible if your income changes during the year that you have reduced or deferred payment.
How do you apply?
If you want to apply for reduced or deferred payment, submit an application form. The application form will come with your first payment forms. You can also order the application form in.