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Finance

Loan calculator

Enter the amount, interest rate, term and fees for each offer you have. The calculator shows the monthly payment, how much you pay back in total and the APR — the one number that includes the fees, so offers can be compared fairly.

Monthly payment
198.01 $
Total paid
11,981 $
APR
7.68 %
Annual percentage rate including fees

Repayment schedule

YearTotal paidInterestRepaymentBalance
12,376.14 $645.16 $1,730.98 $8,269.02 $
22,376.14 $520.03 $1,856.11 $6,412.91 $
32,376.14 $385.85 $1,990.29 $4,422.62 $
42,376.14 $241.97 $2,134.17 $2,288.45 $
52,376.14 $87.70 $2,288.45 $0.00 $

The result is an estimate for orientation, not financial advice or an offer. Actual terms are set by your bank or provider.

How we calculate

The monthly payment is an annuity: Payment = L × r / (1 − (1 + r)^−n), with L the loan, r the monthly rate and n the number of months. A monthly fee is added on top.

APR is calculated by the EU consumer credit formula: the yearly rate X at which the money you actually receive (loan minus upfront fees) equals the present value of all payments and monthly fees, each discounted by (1 + X)^(t), where t is the time in years.

Lenders can include other costs (insurance, account fees). The APR here covers the fees you enter.

Formulas and rates checked: 10/21/2026

Questions

Why is the APR higher than the interest rate?
Because it includes fees and the effect of paying monthly. Two loans with the same rate can have very different APRs.
Which offer is cheapest?
The one with the lowest total amount paid for the same loan and term. With different terms, compare the APR.
Is the APR here the same as in my contract?
It should be close if you enter the same fees. The contract figure is binding — differences come from costs not entered here or rounding.