Payment & APR in secondsFees and CPI insuranceOffer comparator

Personal Loan Simulator

Discover the real cost of your personal loan: monthly payment, APR, and total fees at a glance. Compare offers and find the most affordable option.

What it is

Our simulator lets you accurately calculate the monthly payment, the APR (Annual Percentage Rate), and the total cost of a personal loan. It supports French amortization (fixed payment) and Italian amortization (fixed principal), includes origination fees, payment-collection fees and CPI insurance premiums, with the option to choose whether to count them in the APR as required by regulation. By entering amount, term, NAR and all fee items you get a full picture of the loan in seconds. Beyond a single calculation, the built-in comparator lets you place up to 3 different offers side by side: payment, APR, total cost and differences in € over the whole term are visible at a glance. The amortization schedule is viewable payment-by-payment and downloadable as CSV for archiving, sharing or further analysis in a spreadsheet. What truly sets this simulator apart is the advisory reading of the numbers. By entering your net monthly income (an optional field, neither saved nor shared), the “payment-to-income” traffic light tells you immediately whether the payment is light, sustainable or heavy. Contextual verdicts warn you if the payment exceeds 40% of income (over-indebtedness risk zone) or if the simulation is well sized. The “Learn more” section dives into the points that often confuse non-specialists: difference between NAR and APR and why only the APR really counts, hidden costs of a loan (origination, stamp duty, collection, CPI), cessione del quinto (salary/pension assignment loan, an Italian product) as a cheaper alternative for employees and pensioners, rules on early repayment and maximum penalties by law, practical consequences of missing a payment, and practical tips for getting the best APR by comparing quotes.

  • Monthly payment calculation with full amortization schedule
  • Real APR including all fees and CPI insurance
  • Compare up to 3 different loan offers

How it works

#1
Enter your parameters
Provide the requested amount, term in months, and nominal annual rate (NAR). Add any origination or collection fees.
#2
Calculate
The simulator instantly computes the monthly payment, APR, total interest, and overall loan cost.
#3
Compare offers
Use the comparator to enter multiple offers and choose the one with the most competitive APR.

Features

Accurate payment and APR
Calculates the payment using a certified financial formula and the real APR in accordance with European regulation.
Amortization schedule
View or download the full payment-by-payment schedule, with principal, interest, and outstanding balance.
Sustainability and Learn more
By entering your net monthly income, the payment/income traffic light tells you at a glance whether the payment is light, sustainable or heavy; dynamic verdicts flag risk scenarios (payment above 40% of income) or well-sized ones. The “Learn more” section dives into NAR vs APR, hidden loan costs, cessione del quinto (salary/pension assignment loan, an Italian product) as a cheaper alternative, early repayment, consequences of missing a payment and how to get the best APR.
Offer comparator
Compare up to 3 loan offers and identify the most convenient one by payment and APR.

FAQ

The NAR (Nominal Annual Rate) is the pure interest rate applied to the principal. The APR (Annual Percentage Rate) also includes all mandatory loan costs — origination, stamp duty, monthly collection fees, any CPI insurance if the bank presents it as mandatory — and is the indicator legally required for comparing different offers. Two loans with the same NAR can have very different APRs: differences of 2-3 percentage points on the APR are common across institutions, mainly due to ancillary fees and policies. Always compare the APR, not the NAR, and always ask for the modulo SECCI/IEBCC (standard pre-contractual disclosure form) listing every itemized cost before signing.
With French amortization, the annuity formula is used: payment = P × i / (1 − (1+i)^−n), where P is the principal, i the periodic rate (NAR/12 for monthly payments) and n the number of payments; the result is a constant payment in which the principal portion grows and the interest portion shrinks over time. With Italian amortization the principal portion is constant (P/n) and interest is computed period by period on the residual debt, so the overall payment starts high and gradually decreases. The simulator implements both methods and shows the full schedule payment-by-payment, with principal portion, interest portion and residual debt at every period.
The most common rule of thumb is the payment-to-net-monthly-income ratio: below 30% the payment is considered sustainable, between 30% and 40% it is “at the edge” (it leaves little room for unexpected events or other expenses), above 40% there is real risk of over-indebtedness. By entering your net income in the form, the simulator computes this ratio, displays it as a traffic light (green/yellow/red) and in critical cases suggests alternatives: reduce the amount, extend the term, or consider cessione del quinto (salary/pension assignment loan, an Italian product) if you are an employee or pensioner — often cheaper than a traditional personal loan for the same amount and term.