Personal loan calculator
Calculate your monthly personal loan instalment, the total cost with interest, and view, month by month, the breakdown between interest and principal repayment.
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Results
Average monthly instalment
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Total cost of the loan
Sum of all interest, insurance, fees and taxes paid over the entire loan term.
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TAPC
Total Amount Payable by the Consumer: the total amount you pay to the lender, including the borrowed capital plus all charges.
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disclaimer
The results shown are simulations and do not constitute financial advice.
Glossary
What is the difference between the nominal interest rate and APR?
The nominal interest rate only reflects the interest charged by the lender, while the APR includes interest and all mandatory loan costs — such as fees, insurance and taxes — making it the best reference for comparing loan offers.
Is there a maximum APR for personal loans?
In many European countries, there is a legal maximum APR for consumer credit, designed to protect borrowers from predatory lending. The limit varies by country and is typically set by the national financial regulator.
You can check the applicable limits with your country's financial authority or central bank, as rates are usually reviewed periodically based on average market conditions for each type of credit.
You can check the applicable limits with your country's financial authority or central bank, as rates are usually reviewed periodically based on average market conditions for each type of credit.
How does this personal loan calculator work?
The calculator estimates your monthly instalment and the total cost of the loan based on three inputs: loan amount, term (in months) and APR (Annual Percentage Rate).
The APR already includes interest and the main charges associated with the loan, giving you a more complete picture of the financing cost.
Results are indicative and non-binding.
The APR already includes interest and the main charges associated with the loan, giving you a more complete picture of the financing cost.
Results are indicative and non-binding.
How is the monthly instalment calculated?
To calculate the personal loan instalment, the lender takes into account:
- The amount borrowed
- The chosen loan period
- The APR applied
Using a financial formula, the loan amount is spread over the term, taking into account the annual interest rate.
The calculator performs this automatically, letting you quickly see your estimated monthly payment and total loan cost.
What affects the monthly instalment on a personal loan?
The monthly instalment depends on:
- Loan amount: the more you borrow, the higher the instalment.
- Loan term: longer terms lower the monthly instalment but increase the total cost.
- APR: the higher the rate, the more you pay in interest.
- Insurance costs: if applicable, depending on the lender and loan type.
Changing any of these factors will directly affect the final instalment amount.
Monthly instalment or total cost: what matters most?
When using a personal loan calculator, it's common to focus only on the monthly instalment. However, a lower instalment may mean:
- A longer term
- More interest paid over time
That's why it's important to consider both the monthly instalment and the total loan cost, based on the APR.
Are the results final?
No. The results are for reference only.
Final conditions depend on the lender's risk assessment, the borrower's profile, and the specific offer presented by the financial institution.
Final conditions depend on the lender's risk assessment, the borrower's profile, and the specific offer presented by the financial institution.
Why might the instalment change over time?
Most personal loans have a fixed rate, meaning the instalment stays the same until the end of the contract.
However, if the loan has a variable rate, the instalment may change in line with the applicable reference rate.
However, if the loan has a variable rate, the instalment may change in line with the applicable reference rate.
Does the calculator include additional taxes or duties?
Additional taxes or duties depend on the loan amount, term, and your country of residence, and are calculated separately by the lender. The APR may or may not include these costs — check the specific conditions of each offer.
Can I use the calculator to compare offers from different lenders?
Yes. It's a useful tool for understanding ballpark figures and comparing scenarios.
However, the final comparison should be based on formal offers, paying particular attention to the APR and the TAPC (Total Amount Payable by the Consumer).
However, the final comparison should be based on formal offers, paying particular attention to the APR and the TAPC (Total Amount Payable by the Consumer).
Does this calculator replace the advice of a credit broker?
No. A credit broker can help compare offers, negotiate terms and answer questions throughout the process.
This calculator is an informational tool designed to help in the early stages of decision-making.
This calculator is an informational tool designed to help in the early stages of decision-making.
Can I repay the personal loan early?
Yes. Early repayment, whether full or partial, is possible.
An early repayment fee may apply, in accordance with the law and the terms of the contract.
An early repayment fee may apply, in accordance with the law and the terms of the contract.
What factors affect personal loan approval?
Approval depends on several factors, including:
- Income
- Employment stability
- Debt-to-income ratio
- Credit history
- Overall financial situation
What is the debt-to-income ratio and what is the recommended limit?
The debt-to-income ratio is the percentage of your net monthly income allocated to loan repayments.
As a general rule, it is recommended that this ratio does not exceed 30% to 35% of your monthly income, in order to maintain a healthy financial situation.
As a general rule, it is recommended that this ratio does not exceed 30% to 35% of your monthly income, in order to maintain a healthy financial situation.
Can I apply for a personal loan if I'm unemployed?
It is more difficult to get approved without a stable income, but not impossible.
Some lenders may accept other sources of income (such as rental income, pensions or guarantors). Ultimately, the decision always depends on the risk assessment carried out by the financial institution.
Some lenders may accept other sources of income (such as rental income, pensions or guarantors). Ultimately, the decision always depends on the risk assessment carried out by the financial institution.
Note
This calculator is for informational purposes only and does not replace the need to obtain official loan offers or seek advice from a credit broker.
Glossary
What is the difference between NIR and APR?
The NIR only reflects the interest charged by the bank, while the APR includes interest and all mandatory loan costs, such as fees, insurance, and taxes. The APR reflects the real cost of the loan and is the best reference for comparing offers. For more details, you can consult our dedicated article on the differences between NIR and APR.
How does this mortgage calculator work?
This calculator estimates the monthly payment and total mortgage cost based on the values entered (loan amount, term, interest rate, fees, and insurance). Results are indicative and non-binding.
How is a mortgage payment calculated?
To calculate a mortgage payment, banks consider:
- Loan amount
- Term
- Interest rate
- Type of rate (fixed, variable, or mixed)
The payment results from a financial formula that spreads capital and interest over the loan term. Our mortgage payment simulator automates this calculation, allowing you to quickly understand how much you will pay per month.
What affects your monthly mortgage payment?
Monthly payments may vary depending on:
- Loan amount – the higher the loan, the higher the payment
- Loan term – longer terms reduce the payment but increase total interest
- Interest rate – small differences can have a big impact
- Euribor – for variable-rate loans
- Mandatory insurance – life and home insurance
The simulator allows you to test different scenarios to assess the impact of each factor.
Monthly payment vs total loan cost: which matters more?
When using a mortgage calculator, it’s common to focus only on the monthly payment. However, a lower payment may mean:
- A longer loan term
- More interest paid over time
That’s why it’s important to consider both the monthly payment and the total loan cost, ideally using the APR.
Are the results final?
No. Results are for reference only. Final conditions depend on credit risk analysis, borrower profile, and each bank’s formal offer.
Why can mortgage payments change over time?
With variable-rate mortgages, payments change according to Euribor fluctuations. With mixed-rate mortgages, payments change after the initial fixed-rate period ends.
Does the calculator include stamp duty?
No. Stamp duty depends on the loan amount and term and is calculated separately by the bank.
Can I use this calculator to compare offers from different banks?
Yes. It’s a useful tool to understand general costs, but final comparisons should be based on official bank proposals.
Does this calculator replace a mortgage broker or credit intermediary?
No. A credit intermediary can negotiate conditions, present multiple offers, and assist with paperwork - usually at no cost to the borrower.
Can I change my mortgage in the future?
Yes. You can renegotiate terms, transfer the mortgage to another bank, or make early repayments.
What factors influence mortgage approval?
Income, job stability, debt-to-income ratio, credit history, and down payment amount.
Disclaimer
This mortgage calculator is for informational purposes only and does not replace official bank proposals or professional credit advice.
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