How to calculate your loan payment?

When applying for a personal loan, mortgage or for the purchase of a car you should consult your financial advisor, but if you want to go preparing to estimate how much you would have to pay monthly, we provide these calculators that will help you in this task.


Calculate your payment: personal loan

personal loan

To find out the payment of your personal loan, access this calculator and enter the amount you want to request, the interest and the time period to pay off your debt, understand the number of months.



Calculate your payment: mortgages

mortgage loan


If your wish is to know the monthly payment of a mortgage loan, enter the calculator.

You should have the following information at hand: the loan amount, the amount to be contributed (down payment), the interest and the term in which you will give the payment. You will get an estimate that goes hand in hand with the information you initially offered.


Calculate your payment: car financing

car loan

To estimate a monthly payment on the loan requested to finance a car, access the calculator and fill in the blanks with the requested information.

Set the cost, the soon, the interest and payment term. Once you complete this information, click on “Estimate monthly payment”. The calculator will provide the estimated monthly payment according to the information you entered.

In addition to the calculator, on these pages you will find loan alternatives according to your needs. Date related to the offers of interests, purchases and refinancing are also provided in these links, which also have contact information to know more details of the financial initiatives. Some can apply online!

There are no excuses! You can now estimate the amount of a monthly payment you would have when applying for a personal loan, mortgage or for the purchase of a car. Through the virtual calculator, you will get an idea close to your payment quickly and effectively. The best part is that you can customize the process with your specific numbers and thus have an idea of ​​the expectations when making the loan.

It is important to note that the information provided by these calculators is intended for illustrative purposes only and is not intended to simulate the parameters defined by current users. The figures shown are hypothetical and may not be applicable to the situation of each person.

Subject to credit approval, certain terms, conditions and restrictions apply.

Redecorating your home with a credit card can be cheap

It is no news that one of the main purposes for which personal loans are requested is to reform and redecorate homes. So much so that according to the Illusion Barometer prepared by ConfiNote last year, throughout 2015, 12% of the loan applications went to make a reform and 8% to redecorate the home .

In fact, many banks and financial credit institutions have loans with specific conditions for these purposes. However, as indicated by the MakeMyCash comparator , if you do not have enough capital to redecorate your home and need financing, before applying for a loan it is advisable to assess the possibility of using a credit card . With these plastics you can buy different products to give a new image to your home at the best price and if you know how, even, for free. However, you should not forget that the interests of any card will most often be higher than those of a loan, so it is essential to know how to use them.

In any case, both products can be very useful to finance certain products depending on their price, the need you have and the situation in which you are. These are designed for a change of look of your house , but you can also think bigger and make comprehensive reforms and transform your home.


When is a card convenient and when is a personal loan?

When is a card convenient and when is a personal loan?

We have already commented that many people choose to apply for a loan to finance the redecoration of their home, however, it is important that you know that if you use a card in certain situations, you can get better off standing.

However, first, it is essential that you know how the payment methods of these plastics work to make sure you are using them in the way that benefits you most . Credit cards allow you to have an amount of money (determined by the issuing entity) instantly and return it using two different payment methods. On the one hand, the total payment, that is, return the entire amount at the beginning of the following month at no cost and, on the other hand, the fractional payment with which we will reimburse the capital in different monthly installments that will include interest.

If, for example, you need to buy different products such as lamps, carpets, pictures, etc. that do not have a very high price, you can select the total payment method and you will only return the money you have used, without costs, at the end of the month. In this way, you can postpone the payment of the purchase a few days and deal with the following payroll. On the other hand, if we prefer small credits, we will probably have to resort to mini-credits that have a daily cost of around 1.1%, that is, for every 100 dollars requested to be returned after one month, we will have to return 133 dollars on average in total.

On the other hand, if you want to buy products of high amounts with a card, it will be better to resort to the fractional payment , since it will allow you to return the capital in comfortable monthly installments. However, in this situation you should consider the option of choosing a loan, since the interests of plastics tend to be higher. However, with the cards we will have the capital instantly and with the loan, probably not.

As we have said, both options may be appropriate, as long as we know how to use them and how each product can benefit us more in different situations .


What features should the perfect card have?

credit cards

If you have decided to hire a card to meet the costs of redecorating your home , it is important that you also know what features to look for and identify which ones will benefit you .

First, it is important that you inform yourself about the commissions that the card may include , although the two most important are the commission for issuance and the maintenance fee (annual), since if they are not included, the card will be free year after year.

Secondly, you should look at the cost that will be applied to reimburse the money through the fractional payment method . The most convenient will be to hire a card with a lower than average interest rate, which is usually around 21%.

It is also important that you look at the possible discounts or returns that they include in different establishments, since you can save money on household products that you decide to finance.

Finally, if you do not want to change banks, it may be advisable to hire a card that does not require changing entities. In addition, this type of “plastics” do not usually require bonding.

Cheap Credit: How To Get A Loan With Lower Interest Rates?

Cheap credit is one of the best ways to escape from big future problems, once you are becoming rumored, imagine that you pay dearly for that.   There are two lines of thought when or subject and cheap credit: what are the modalities and what should be followed. But earlier, we knew more about or specific credit.  

Or the cheap revenue Can Be Understood by a loan that had the taxis of interest more possible cheap, varying According to the modality of borrowing.  


Types of cheap loan  

cheap loan

There are several ways to get cheap credit. I do not intend, before mentioning them, and it is relevant to note that, or a loan, it should be the last two resources to be used in administrations of finances.  

There are some ways to get cheap loans, among them:  

  • Loan or bank credit in banks;
  • Consigned credit (non-salary based);
  • Pledge of goods (real estate, cars, jewelry);
  • Anticipation of income tax refunds;   
  • Anticipation of the 13th salary.


Borrowing Staff  

Or borrowing staff or credit staff has the basis to look for loans in financial institutions, and they:  

  • Public banks;
  • Private banks;
  • Financial;
  • Credit Cooperatives


The escorts between banks and personal credit

The escorts between banks and personal credit

When his or her unique loan option and banks in stick up less interest rates. Generally, public banks will usually have more lines of cheap credit and grant the lowest rates to their affiliates. Therefore, ask for a loan in some cheap bank must have one in that institution account and pass a credit analysis by. So public banks in you already had you account, easy one more line it becomes getting credit.  

Once you are two hundred of your expenses, you will keep an analysis of your financial situation, it will be simple to give you a cheap credit line, which will offer minor swearing. However, in case it is not approved by public banks, it exists at the option of private banks. As well as public banks, private banks also demanded that you have an account so that you can release this credit. For this reason, I tend to lower taxes.  

On the positive side, two private banks have been constantly counting, consequently, they have a manager who is in charge of their financial movements and payment terms. Well, it’s easier to get lesser jurors.  

Consigned Credit  

It is a better way to get a loan because the plots will be debited from your salary. Therefore, the banks keep a lower interest rate, once the return of the company has been assembled.  

Pledge of property  

One of the cheap credit modalities, also counting a good financial return. This is because or will have already made bank to analyze two assets available and you swear to be based on realization in question.  

In pledge of goods, it is possible to use:

  • Vehicles;  
  • Properties;  
  • Jewels;
  • Other financial objects of value.

Thus, serving as a safe deposit for banks.

The institution will be able to make a loan or a loan of credit, in view that no payment of money will cause or collection of these goods.  

Advance to Income Tax Refund  

Returned to or paid to be debited through the account of what is being paid, not the moment that refund of the Taxation of Income (IR) takes place, at the same time and debited.  

Therefore, this modality shows a guarantee to the banks that payment will be received. For this reason, causing that are presented rate of lesser jurors.  

Or the only problem is that there should be no inconsistencies in your income tax return, once this will result in a deposit (by IR) less than or expected value or even a deposit of amount.  

Anticipation of the 13th salary  

You request or borrows by anticipating the 13th salary, but with caution, given that the bank will not tolerate arrears of third parties.

As an example, we have no arrears from the depositor, bank or bank, and will be able to charge new fees.

This type of credit must be endorsed, as its own thirteenth time at a time of expenses, or natal. Therefore, opening more of that salary must be accompanied by prudence.  


Tips on cheap credit  

cheap credit

It is important to detail the details of each transaction made such as cheap credit not exceeding. For this reason, trust some tips to conquer this credit:  

  • Check out Total Effective Cost (CET) that is just or total value that will be paid by you, all taxes and taxes collected are included;
  • At the time of payment, you may be able to make your loan quite expensive, even thinking of the need for unwanted debt;  
  • Of course we impose: in these modalities of cheap credit, and it is important to highlight the collection of taxes, one of them or IOF (Tax on Financial Transactions), which is charged on the qualifying transaction finance, shaking at the value of the loan;  
  • For what you need from money and found no way out other than borrowed staff, or ideal and negotiate interest and research rate in various banks and finance.

Make this before signing a contract, especially online, just as guarantee or cheap credit. It is necessary to reinforce that financial education is essential to avoid the need to contract lives.