EN

Personal loan

General calculation · any country

Work out the monthly payment on a personal loan and its total cost, including the arrangement fee.

€
%
The nominal rate in the offer. Do not enter the APR here: it already includes fees.
months
%
Percentage of the amount the lender charges when the loan is granted.
Monthly payment
—
Interest
—
Arrangement fee
—
Total cost of the loan
—
Total you will repay
—
See the amortization schedule
Payment no.PaymentInterestPrincipalBalance

Fixed monthly payment (annuity loan). This is not the APR and does not replace the lender's pre-contract information.

How it is calculated

  • Payment = amount × i ÷ (1 − (1 + i)^−n), where i = nominal annual rate ÷ 12 and n = number of months.
  • Total cost = interest on all payments + arrangement fee (percentage × amount).

Assumptions

  • Fixed interest rate for the whole term.
  • No linked insurance or other charges.
  • This is not the APR: lenders calculate the APR under each country's rules.