Credit Calculator

A credit calculator helps you see loan terms in advance: monthly payment, interest overpayment, and total amount due. Enter the amount, term and approximate rate to get instant results. You can compare several options and choose one that fits your budget.

The calculator uses an annuity schedule: you pay the same amount each month until the end of the term. That amount includes principal and interest. Below you will find current offers from banks and lenders to compare and apply.

Online credit calculators are available on bank and financial comparison sites. They are easy to use: in a few minutes you can estimate the payment and overpayment for a loan.

A credit calculator is a simple tool to estimate loan terms. It shows the monthly payment, interest overpayment, term and maximum amount. The total amount due is an important contract parameter. The calculation helps compare options and choose the best one for the borrower.

In a few seconds you can get approximate loan parameters. The table below shows example calculations for different amounts and terms.

Debt burden is the ratio of loan servicing costs to the borrower's income. A common rule of thumb is to keep it under 50%. Higher ratios indicate heavy debt load. In practice, even 35–40% of income can strain a household budget when other fixed expenses exist.

You can reduce the burden by refinancing, consolidating loans, restructuring debt, or paying off the most expensive obligations first.

With annuity payments you pay the same amount each month until the end of the term. Early on, most of the payment is interest and less goes to principal. Most consumer loans use this scheme.

With differentiated payments the monthly amount decreases over time: principal is split over the term and interest is charged on the remaining balance. Our calculator uses annuity, which is the most common for consumer loans.