Loan Calculator - Simulate Installments and Interest

Calculate installments, total interest, and effective cost of loans. Essential for making informed financial decisions and comparing credit offers.

How does it work?

The calculator uses the amortization system (usually Price or SAC) to determine the installment amount considering the amount borrowed, interest rate, and payment term.

Amortization Systems

The Price System has fixed installments, facilitating financial planning. The SAC (Constant Amortization System) has decreasing installments, with lower interest over time.

Installment Components

Each installment contains an amortization portion (principal repayment) and an interest portion. Initially, interest represents a larger proportion; towards the end, amortization predominates.

Effective Interest Rate

The nominal rate doesn't tell the whole story. Our calculator shows the CET (Total Effective Cost), including all fees, IOF (Tax on Financial Operations), and charges, for a real comparison between offers.

Impact of Loan Terms

Smaller installments require longer terms, but result in significantly higher total interest payments. Our calculator shows how different terms affect the total cost of the loan.

Scenario Simulation

Compare different loan amounts, vary the interest rate to negotiate, test different terms, and assess the impact of early payments.

Financial Planning

Use the calculator before taking out loans to check if the installment fits your budget, compare offers from different institutions, and decide on the best term for your situation.

Conclusion

Make smart financial decisions by simulating loans with our calculator. Understand interest, installments, and total cost before making commitments.