Personal Loan Calculator
Calculate the monthly payment, real APR and total cost of your personal loan, including fees and optional insurance.
Results
Monthly payment
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Estimated APR
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Total cost of credit
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Total amount payable
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The payment is calculated using the French amortization system over the nominal rate. The APR additionally incorporates the arrangement fee and other costs, reflecting the real effective cost of the loan.
With fees and insurance / Without fees or insurance
With fees and insurance
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Without fees or insurance
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Amortization schedule
| Mes | Cuota | Interés | Capital | Pendiente |
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When should you use this calculator?
A personal loan is an unsecured financing product, commonly used for expenses such as buying a vehicle, home renovations or unexpected costs. Its cost depends on the nominal interest rate (TIN), the term and any fees applied.
Legal context in Spain
The APR (Annual Percentage Rate, or TAE in Spanish) is the indicator that allows loans to be compared consistently, since it includes not only the nominal interest but also fees such as the arrangement fee and other associated costs. By law, all lenders must display the APR in their advertising and contracts.
The arrangement fee is normally charged as a percentage of the borrowed capital at signing, increasing the effective cost of the loan without affecting the monthly payment. Optional payment protection insurance covers instalments in case of unemployment or incapacity, for an additional monthly cost.
Before signing a personal loan, it is worth comparing the APR of several lenders, not just the nominal rate, since two loans with the same nominal interest can have very different total costs depending on their fees.
Frequently asked questions
What is the difference between TIN and APR?
The TIN is the nominal interest rate applied to the capital. The APR also includes fees and costs, showing the real annual cost of the loan.
Is the arrangement fee mandatory?
No, it depends on the lender. Some loans have no arrangement fee, reducing their total cost.
Is payment protection insurance worth it?
It depends on your employment situation and risk tolerance: it covers instalments in case of unemployment or incapacity, but increases the monthly cost of the loan.