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Loan calculator
With NordLän's loan calculator you can quickly and easily calculate the interest cost of your loan and get an overview of the total loan cost. When you borrow money, you should always carefully review the loan terms and what applies to the loan. With the loan calculator you can easily see how much the loan will cost per month and how long you need to repay it.
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How to use our loan calculator
Enter the amount you want to borrow. The simulation updates instantly.
A longer term lowers your monthly payments but increases the total cost.
The interest rate directly affects the size of your monthly payments.
Compare fixed or decreasing monthly payments depending on your preference.
Enter the cost charged to set up the loan. The fee can be paid separately or added to the loan amount.
If invoices are sent by mail, enter the fee here. You can choose e-invoice to avoid this cost.
Get a clear overview of the breakdown between principal, interest and fees, as well as your monthly cost and total loan cost.
Learn to calculate interest costs and get an overview of your loan costs
Understanding how interest is calculated helps you gain better control of your finances and estimate the real cost of a loan.
Two rates are important: the nominal rate and the annual percentage rate (APR). The APR includes all fees and shows the total loan cost.
Calculate the nominal rate
The calculation is simple:
The annual interest cost is therefore €500.
As the debt decreases, the interest cost decreases as well.
Calculate the monthly cost
If the amortization is €300:
Understand the annual percentage rate (APR)
The APR includes all fees and is the best indicator when comparing different loans.
Why use a loan calculator
A calculator immediately gives you a clear estimate of monthly payments and total loan cost.
Factors that affect the interest rate
Your financial profile, creditworthiness and risk level affect the rate offered.
Things to consider before borrowing
Always check that the payments are sustainable and be prepared for possible rate changes.
The information is only indicative and does not constitute a binding credit offer.