Educational financial tool

Loan calculator

Finravia loan calculator estimates a payment using loan amount, term, annual interest rate and payment frequency.

The result shows estimated payment, interest, captured fees, total repayment and an amortization table. Final approval, APR, fees, insurance and terms depend on the financial provider.

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Estimated result. This is not an offer, approval or financial advice.

Metodología del cálculo

El simulador usa una fórmula general de crédito amortizado con pagos fijos.

What the loan calculator estimates

The calculator estimates a fixed payment when you enter amount, term and annual rate. The frequency converts the annual rate into monthly, biweekly or weekly rate. Fees and additional costs increase the total to pay when entered.

Data you need

Loan amount The amount you want to finance.
Term The number of payments.
Annual interest rate The percentage used to estimate interest.
Payment frequency Monthly, biweekly or weekly.
Origination fee A percentage or fixed cost if charged by the provider.
Monthly income Used to estimate the payment-to-income ratio.

Fixed payment formula

The calculator uses an amortized fixed-payment loan formula.

Payment = P × r / (1 - (1 + r)^-n)
  • P = loan amount.
  • r = periodic rate.
  • n = number of payments.
  • Monthly payment: r = annual rate ÷ 12.
  • Biweekly payment: r = annual rate ÷ 24.
  • Weekly payment: r = annual rate ÷ 52.

Revisión editorial

Revisado por Finravia: Equipo editorial de Finravia

Contenido financiero educativo

Esta página fue revisada para explicar de forma clara la fórmula, los datos usados y las limitaciones del resultado.

Calculation example

For example, a $20,000 loan with 12 monthly payments and 36% annual interest would have an estimated monthly payment of about $2,009.24, total repayment of $24,110.90 and estimated interest of $4,110.90 before fees.

How to calculate how much you can borrow

The calculator can also estimate an approximate amount when you know the payment you can make. Formula: Amount = Payment × (1 - (1 + r)^-n) / r.

Interest rate, APR and total cost

The annual interest rate is used to estimate interest. APR or total cost indicators may include fees, insurance and other charges. Review official provider information before applying.

Scope of this general calculator

This calculator estimates payments using amount, term, annual rate and frequency. It does not calculate exact offers, guarantee approval, compare real banks or reproduce provider-specific rules.

When to use a specialized calculator

  • Use a personal loan calculator for fixed-payment personal loans.
  • Use a payroll loan calculator if payment depends on salary deduction.
  • Use a mortgage calculator for home financing.
  • Use an auto loan calculator for vehicle financing.
  • Use specialized tools when official rules apply.

Result limitations

The result is approximate and educational. It can change because of APR, fees, insurance, taxes, penalties, early payments, rounding, provider rules, credit profile, income verification and contract terms.

This loan calculator is an educational Finravia tool. Results are estimates based on user-entered data and a general fixed-payment formula. They are not an offer, approval, personalized recommendation or financial advice.

Frequently asked questions

What is a loan calculator?

A loan calculator estimates payment, interest and total repayment using amount, term, annual rate and payment frequency.

What data do I need?

You need loan amount, term, annual interest rate and payment frequency. For a more complete estimate, add fees, extra costs and monthly income.

Is the result a real offer?

No. It is an educational estimate. A real offer depends on the provider, contract, fees, profile and current conditions.

Who approves the loan?

The financial provider evaluates the application, authorized amount and final conditions. Finravia only provides an educational estimation tool.