Monu Tools

Loan & Credit Calculator

Calculate the monthly payment, total interest and effective APR for an annuity loan or credit. Includes an optional fee and a year-by-year repayment chart.

How to use the Loan Calculator

  1. 01

    Enter the loan amount, the nominal interest rate and the term in years.

  2. 02

    Add an upfront fee under fees to see its effect on the APR.

  3. 03

    See your monthly payment, total interest, effective APR and the repayment chart.

Frequently asked questions

What is the difference between the nominal rate and the APR?

The nominal rate (Sollzins) is the pure interest on the loan. The effective annual rate (APR, effektiver Jahreszins) also reflects monthly compounding and any fees, so it is the better figure for comparing offers.

How is the monthly payment calculated?

It uses the annuity formula for a loan repaid in equal monthly instalments. Each payment covers the interest on the remaining balance plus a share of the principal.

Why is more of my early payment interest?

At the start the balance is high, so most of the payment is interest. As the balance falls, the interest share shrinks and more goes to principal. The chart shows this shift.

Does the APR include all costs?

It includes the interest and the optional upfront fee you enter. Real offers can include other charges, so always check the lender's stated effective rate.

About this tool

This loan and credit calculator works out the monthly payment for an annuity loan, the total interest you pay, the total repaid, and the effective annual rate (APR) including an optional upfront fee.

A year-by-year chart splits each year's payments into principal and interest, so you can see how the loan is paid down over time. It is a planning aid; lenders' binding figures may differ.

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