Installment Loan Calculator
Calculate payments and costs for your installment loan. With effective annual interest rate and total burden. Free with amortization schedule, interest.
Monthly Payment
351,59 €
Total Cost
16.876,23 €
Interest Cost
1.876,23 €
Eff. Annual Rate
5,90 %
Note: These calculations are for informational purposes only and do not replace professional tax or financial advice. All information without guarantee.
Frequently Asked Questions
What should I consider when comparing installment loans?
Always compare the effective annual interest rate, not the nominal rate. Check for hidden fees, flexible repayment options, and whether special repayments are allowed without penalty.
Can I repay an installment loan early?
Yes, since 2010 EU regulations allow early repayment of consumer loans. The maximum prepayment penalty is 1% of the remaining balance (or 0.5% if less than 12 months remain).
What is the Installment Loan Calculator?
The instalment loan calculator computes the monthly payment and total cost of a consumer loan. It helps compare different loan offers.
How does the Installment Loan Calculator work?
Enter the loan amount, term and interest rate. The calculator determines the monthly instalment, total interest and produces a repayment schedule. The effective annual rate is computed to enable comparison of different offers.
Key Data and Facts
The effective annual rate is the best comparison metric. Typical terms: 12-120 months. Credit-score-dependent rate: the actual rate depends on your SCHUFA score.
Step-by-Step Guide
How to calculate Ihren Ratenkredit step by step: 1. Kreditbetrag festlegen: Der benoetigte Nettokreditbetrag (z. B. 15.000 EUR). 2. Laufzeit choose: Kuerzere Laufzeit = hoehere rate, aber weniger interest insgesamt. 3. interest rate enter: Unterscheiden Sie Sollzins und effektiven Jahreszins. Der effektive Jahreszins enthaelt alle costs und ist der Vergleichswert. 4. Monatsrate calculate: Annuitaetenformel oder vom Rechner ermittelt. 5. Gesamtkosten pruefen: Summe aller Raten = Kreditbetrag + Gesamtzinsen. 6. Angebote compare: Immer den effektiven Jahreszins heranziehen, nicht den Sollzins. Bonitaetsabhaengige interest koennen deutlich vom Werbezins abweichen. Beispiel: Ratenkredit 15.000 EUR, 48 Monate, effektiver Jahreszins 5,9 %. Monatsrate: 15.000 x (1,004917^48 x 0,004917) / (1,004917^48 - 1) = 352,37 EUR. Gesamtzahlung: 352,37 x 48 = 16.913,76 EUR. Gesamtzinsen: 1.913,76 EUR. Vergleich bei 84 Monaten (5,9 %): rate 217,54 EUR, Gesamtzinsen 3.273,36 EUR -- 1.360 EUR mehr interest.
Calculation Example
Ratenkredit 15.000 EUR, 48 Monate, 5,9 % eff. Jahreszins. Monatsrate: 352,37 EUR. Gesamtzinsen: 1.913,76 EUR. Bei 84 Monaten: rate 217,54 EUR, interest 3.273,36 EUR.
Related Calculators
Consumer Loan Calculator
Calculate monthly payments, total costs and amortization schedule for your loan. With interest rate, term and extra payments.
Interest & Compound Interest Calculator 2026 — Free Online
Calculate compound interest with the Rule of 72: capital doubles in 14 years at 5% p.a. Add monthly savings, get full amortization. Free, no registration.
Home Purchase Financing Calculator
Calculate your mortgage with repayment, fixed-rate period and extra payments. Including amortization schedule and remaining balance.
Compound Interest Calculator
Calculate the compound interest effect over any period. See how your wealth grows exponentially. Free with amortization schedule, interest comparison, examples.