Calculate personal loan payments

How to use the personal loan calculator

1. Enter the amount you want to borrow.
2. Enter the offer's nominal annual interest rate.
3. Enter the term in months.
4. Review the monthly payment, total interest and year-by-year breakdown.

Loan payment formula

Payment = C × i / (1 − (1 + i)^−n)

What each variable means

C

amount borrowed

i

monthly rate = annual rate / 12

n

number of monthly payments

Each payment first covers the month's interest on the outstanding balance; the rest repays principal. That's why early payments are mostly interest.

Personal loan example

A €10,000 loan at 7% over 60 months has a €198.01 monthly payment. You'll repay about €11,881 in total, of which about €1,881 is interest.

Illustrative example with the data shown; not a guaranteed outcome.

Assumptions and limitations

• Standard amortizing loan: constant monthly payment at a fixed rate.
• The payment is rounded to the cent; the final payment absorbs the difference.
• Opening fees, linked insurance and other costs are not included.

Frequently asked questions