Personal Loan Calculator
Enter the loan amount, interest rate and repayment period — the calculator shows the monthly payment and, more importantly, what the loan costs you in total.
Look at the APR, not the headline rate
EU consumer credit rules require lenders to state the APR (annual percentage rate of charge) — the true yearly cost including interest, opening fees and monthly account fees. Two loans with the same "interest rate" can differ by several percentage points in APR once fees are counted. When comparing offers, compare APRs and nothing else; this calculator's optional monthly fee field shows how quickly small fees inflate the real cost.
Shorter is cheaper
Stretching a loan over more years lowers the monthly payment but raises the total interest — often dramatically. Try the same loan at 3 and 7 years above and compare the totals. Choose the shortest term whose payment fits your budget comfortably, and check whether the loan allows free early repayment (in the EU, consumer loans generally can be repaid early, with at most a small capped compensation). Our early repayment calculator shows what paying extra saves.
Before you borrow
A personal loan makes sense for consolidating more expensive debt or a genuinely necessary purchase — not for investing (never borrow to invest) or routine spending. If the purpose can wait, the savings goal calculator shows how quickly you could simply save the amount instead.
A worked example: the fee trap
A €10,000 loan at 8% over five years costs about €203 a month and €2,166 in interest. Add a seemingly harmless €10 monthly account fee and the total cost rises to €2,766 — the fee alone added €600, the equivalent of pushing the real interest rate above 10%. Now compare a payday-style credit at 30%+: the same €10,000 would cost over €9,000 to repay over five years. The order of preference is always: no loan, then bank loan, then credit card, and consumer credit with double-digit rates only as a bridge you exit fast.
Consolidating expensive debt
One of the few clearly good uses of a personal loan is replacing more expensive debt: rolling credit-card balances and scattered small credits into one loan at a lower rate, with one payment and a fixed end date. The saving is real only if you also stop the behaviour that created the balances — otherwise the cards refill and you carry both. Use the budget planner to make sure the new payment fits with room to spare.