Loan calculator

The AllCredits loan calculator helps you estimate in advance how much you will pay for a loan: the monthly payment and the total amount to repay. The calculation uses the annuity method, where the loan is repaid in equal monthly instalments. Most consumer loans work this way.

How to use the calculator

• Choose the loan currency.
• Enter the loan amount — type it in the field or set it with the slider.
• Enter the loan term in months — also in the field or with the slider.
• Enter the annual interest rate from the lender’s offer.
• The calculator will show your monthly payment and the total amount to repay.

Which rate to enter

If you enter the annual interest rate (nominal rate), the calculator will show the payment based on interest only, without fees. If you enter the annual percentage rate (APR), which also includes fees, the result will be closer to the full cost of the loan, but still approximate. Lenders are required to state both rates in their offer.

What the calculator does not take into account

• Loans with unequal payments — for example, where the full amount is repaid at the end of the term or payments decrease over time.
• Separate arrangement and service fees, if you enter the nominal rate.
• Your credit history and income, which determine the rate a lender will offer you.
• Late payment penalties and other contract terms.

The result is a guide, not an offer. You will receive the exact repayment schedule from the lender together with the contract — check it carefully before signing.

How the calculator works:

For example, take a loan of 3000 euros for 18 months at an annual interest rate of 15%.
Monthly interest rate = 15% / 12 = 1.25% / 100 = 0.0125
Monthly payment = 3000 × (0.0125 × (1 + 0.0125)¹⁸ / ((1 + 0.0125)¹⁸ − 1)) = 187.15 euros.
Total loan amount = 187.15 × 18 = 3368.78 euros.

How to use the result:

• The calculator works out the payment from the interest rate only. A lender may also charge fees — for arrangement, servicing and so on — so its total is usually higher than the calculated one.
• For a fair comparison, enter the annual percentage rate (APR) from the lender's example rather than the advertised rate: the APR already includes mandatory costs.
• If the lender's total is noticeably higher than the result with the APR, ask which payments it includes, and do not sign until you understand every line.
• If an offer looks too good to be true, check the conditions carefully: promotions often apply only to the first loan or to repayment exactly on time.