$

Enter the amount you plan to borrow.

years

Enter the expected duration of the loan.

%

Enter the fixed annual interest rate

Note that when you change the duration , the simulator provides the current default rates (unless you disable this option by clicking on the blue arrow on the left).

Usual rates according to the term can be seen on the right curve.

This yield curve itself is configurable as it depends on your age conditions, your health, your resources..

%

Specify the fixed annual rate of insurance your credit.

$

Your loan's one-time charges such as front-end fees

Compound interest

Simple interest

Usual yield curve

Monthly repayments of your loan. They are constant over the life of the loan, but their decomposition evolves (see amortization table below).

Total cost of your loan's insurance.

What will be the total cost of your loan (bank interests + insurance + set-up fees) .

The effective Annual Percentage Rate of charge (effective APR) is the key indicator of the global cost of a loan. The loan offering the lowest effective APR is the cheapest loan. Indeed, the effective APR takes into account all the fees of the credit (bank interests, insurance cost and setup fees). This is a precious information when comparing several loan offers with different fee structures.

Monthly payments and total cost according to the the duration

▼ Amount borrowed

$

$

▶

▼ Total cost

$

$

-----Insurance

$

$

-------Interests

$

$

$/m

Loan amortization

First payment

Loan amortization table starting on

Year | Monthly payment | Balance | Monthly payments | ||
---|---|---|---|---|---|

Principal | Interests | Insurance |