lånetillvärde

Lånetillvärde is a term used in Swedish financial contexts to describe the value of a loan relative to the value of the asset that secures it. It is conceptually equivalent to the English term loan-to-value (LTV) and is used as a measure of leverage and risk from the lender’s perspective. A higher lånetillvärde indicates greater reliance on collateral and higher potential risk in the event of a default.

Calculation and interpretation: lånetillvärde (%) = (utlånat belopp / marknadsvärdet på säkerheten) × 100. In practice, lenders rely on valuations of collateral which may incorporate conservative estimates or haircuts to reflect liquidity, market risk, and seniority of claims. For portfolios, banks may use weighted averages or asset-specific benchmarks to determine an overall lånetillvärde.

Usage: The concept informs underwriting decisions, pricing of credit, risk management, and regulatory reporting. In mortgage lending and other secured lending in Sweden and Nordic markets, belåningsgrad is the more common term, and lånetillvärde is often treated as synonymous in bilingual or cross-border contexts. Regulators may impose maximum LTV thresholds to limit risk; lenders may adjust loan terms, interest rates, or required down payments based on the observed lånetillvärde.

Limitations: The lånetillvärde is a snapshot that depends on collateral valuation, which can change with market conditions. It does not capture unsecured exposure, borrower liquidity, or concentration risk, and may understate risk in volatile markets.

See also: belåningsgrad, loan-to-value, collateral, credit risk, provisioning.