Personal loan calculator
Estimate your monthly payment, total interest and APR for a personal loan. Term between 1 and 10 years. Indicative results.
This tool is indicative. Read the FAQs and Notes. Please validate rates, fees and conditions with your bank or advisor.
Results
Estimated monthly payment: –
Total interest: –
Total cost (interest + fee): –
Estimated APR: –
Important notes
- Payment uses French amortization (constant instalments).
- APR includes fees and payment periodicity; here we estimate it by solving the internal rate of return of cashflows (upfront opening fee and monthly instalments).
- If the opening fee is charged upfront and not financed, it lowers net disbursement and increases the APR.
- Results are indicative; real quotes may differ due to rounding, extra fees, insurance or conditions.
FAQs
TIN vs APR?
TIN is the nominal interest. APR adds fees and compounding, so it is better for comparing offers.
How is the payment calculated?
French amortization: payment = P·[r/(1−(1+r)^−n)], with r = nominal/12 and n = months.
What about opening fees?
Upfront opening fee reduces the net cash you receive; with the same payment, APR goes up.
Early repayment?
Usually allowed, sometimes with a compensation. Check your contract and current rules.
Why can results differ from the bank?
Rounding, extra fees/insurance, calendars, grace periods or bonuses can change the output.