### Need a loan? Calculate first!

It’s all about numbers when taking out a loan. Now you can of course take out a loan without delving into the details – but it is more sensible if you know very well what you are doing. Only then will you be able to make the optimal decisions for the loan you want to apply for.

Those details revolve on the one hand about the characteristics and properties of various forms of borrowing money and on the other hand about the numbers. You can rely on what an advisor or bank offers you for those figures.

### Calculate how much you can borrow

First of all, it is useful to know the maximum amount that you can borrow. Lenders all work with the same loan standards from the Association of Lite Lender Company (VFN). Our calculation of your maximum loan is based on the same loan standards and therefore gives you a very good idea of what is possible for you.

### Calculation of your monthly charge

It is of course nice to know what you can borrow to the maximum – for your monthly budget it is much more interesting to consider what you have to pay for it per month. You can easily calculate the monthly charge with our monthly charge calculation. You also have to enter an interest rate – you can easily find that in our loan comparison. Then take a good look at the calculated monthly charge and whether you can pay it over the entire term.

### Find out what you pay in total for your loan

Such a monthly charge often looks very manageable, as if borrowing money does not cost much. That is why it is good to also take a look at the total cost of the loan that you have in mind. If you subtract the amount to be borrowed from that total cost, you know exactly how much you pay extra for your expenditure. That could possibly be a reason to continue saving until you have the necessary amount together.

### Calculate how long your loan will last

With a personal loan you agree on an amount and a term, which results in a monthly amount. You can also calculate the other way around: you have an amount that you want to pay per month – how long do you take to pay off the loan amount that you have in mind? You can easily check this with our term calculation. This way you will find out how long it takes before your loan will be fully repaid.