Personal Loan Simulator

A personal loan simulator is a tool that estimates the monthly payment of a loan from three inputs: the amount you request, the repayment term and the interest rate (nominal/APR). It lets you know quickly and approximately how much you would pay each month and how much you can afford to borrow, before submitting any formal application.

A personal loan payment is usually calculated using the French amortization system, the most widely used by financial institutions in Spain. With this system, you pay a practically constant monthly amount throughout the life of the loan, made up of a principal portion and an interest portion.

In general, the longer the repayment term, the lower the monthly payment, although the total cost of the loan will be higher because interest is paid over a longer period.

Below is an indicative simulation for a 10,000 € loan with a nominal rate of 8%:

This is an indicative simulation. The final payment will depend on the terms approved by the lender and the applicant's profile. In Spain, the nominal rate of personal loans is usually between 6% and 12%, though it may be lower or higher depending on the lender and the characteristics of each operation.

No. The simulation is completely free and with no commitment. You can calculate as many scenarios as you want (changing amount or term) without registering and without affecting your credit profile.

It depends on your repayment capacity, your income, your expenses and your level of debt. As a reference, lenders usually recommend that the sum of your debt payments does not exceed 35% of your net monthly income. The final amount will depend on the assessment made by the lender.

Yes. The connection is made through Open Banking, the regulated European standard that lets you share your banking data encrypted and only with your consent. We never access your credentials and cannot move money from your account: lenders only look at the information needed to offer you the best terms.