CALCULATOR
True Cost of a Loan
See the monthly repayment, the total repaid and the interest for any amount, APR and term.
€
%
APR includes the interest and any standard fees, so it compares loans on the same basis.
Cost of borrowing
€2,426
On top of the €10,000 borrowed, over 5 years at 8.9% APR.
- Monthly repayment
- €207.10
- Total repaid
- €12,426
- Repaid for every €1 borrowed
- €1.24
What the repayments are made of
Amount borrowed €10,000
Interest €2,426 (20% of every repayment)
The same loan over different terms
| Term | Monthly | Interest | Total repaid |
|---|---|---|---|
| 1 year | €874.05 | €489 | €10,489 |
| 2 years | €456.39 | €953 | €10,953 |
| 3 years | €317.53 | €1,431 | €11,431 |
| 5 years | €207.10 | €2,426 | €12,426 |
| 7 years | €160.38 | €3,472 | €13,472 |
| 10 years | €126.14 | €5,137 | €15,137 |
A longer term lowers the monthly repayment and raises the total, because interest is charged for more months.
Assumes a fixed rate, equal monthly repayments and no missed or extra payments. Monthly figures are rounded to the cent. Educational content, not financial advice.