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Investment loan secured by apartment

Is this doable in Sweden?

post 8.Jun.2019, 09:45 PM
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Joined: 14.Sep.2017

If I can buy an apartment with my own savings, would a Swedish bank then give me a loan secured by that apartment for the purpose of investing e.g. in shares or managed funds? (I have a good permanent job, so I should qualify for a regular home loan, i.e. one used to buy the apartment.) If yes, would they charge the same interest for this as for a regular home loan? Would the maximum loan amount be the usual 85% of the apartment value?

If I can do this then, as I understand it, the loan interest would be 100% tax deductible, rather than only 30%. Does that sound right? Does it matter whether the investments bought with the loan proceeds are in an ISK?

I'm not ready to do this quite yet, just trying to plan ahead a little. I know this is done in some other countries, but would be interesting to hear from anyone who's done it in Sweden.
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