Save for a cash deposit with SaveLend
7,98 % return on invested capital the last 12 months
Diversify your savings by saving in loans
Choose monthly or a one-time deposit
How much do you need for a cash deposit?
If you are buying real estate, you can take out a mortgage for a maximum of 85 % of the value of the residence. This means that you need a 15 % cash deposit, i.e. your own money, in order to buy a residence. This applies regardless of whether you want a cash deposit for an apartment, house, holiday home or another type of residence.
With the help of our savings calculator, you can see how your child's savings can grow when your money is put to work on our savings platform. Adjust the starting amount, monthly savings, and savings horizon parameters to see how your capital might change over time.
The calculator's calculation is based on the average return on capital invested on the platform over the past 12 months.
Of which is interest:
How long does it take to save for a cash deposit?
Most people dream of being able to save for a cash deposit quickly. Exactly how long it takes is difficult to answer straight off, because it depends on several aspects. The amount of time it takes to save for an apartment or other residence depends mainly on three things:
- How much the home you want to buy costs
- How much and how long you save
- What interest you get on your savings
Before we explain the points in more detail, we can share an example. If you want to save for 150 000 SEK and have a monthly saving at SaveLend of 1 000 SEK, with an initial stake of 5 000 SEK, it will take about 8 years to save 150 000 SEK.
In the example above, the cash contribution is therefore SEK 150,000. It relates to the first point in the list, which is based on the fact that you need to have at least 15% in cash deposit. This means that if you want to buy a home for a million, compared to a home for ten million, the amount of cash you need to save will be significantly higher (SEK 150,000 compared to SEK 1,500,000). Therefore, the cost of the home determines how long it takes to save for a cash deposit.
Even the second point can feel pretty obvious – the more you have the opportunity to save each month and the earlier you start saving, the faster you get up to the amount you save.
The last and third point concerns the return you get on your savings. In order for you to have better opportunities to reach your savings target, you should save where you get a positive return for your money. SaveLend's target return is 7-9% on invested capital after credit losses and fees, a target we have reached or exceeded since we launched in 2014.
SaveLend's historical return
The graph below shows SaveLend's historical return on invested capital, after fees and credit losses. Historical returns are no guarantee of future returns, but what is clear is the stability that saving in loans via SaveLend has provided. SaveLend is completely outside the volatility of the stock exchange and the fact is that we haven't had a single negative return month at platform level since 2016.
Below is our return after credit losses and fees since January 2021: