Loan Calculator

Loan Type

Closed-End Loan

Fixed term: Set start and end date.
Fixed payments: Equal monthly payments that include principal and interest.
Ownership: The borrower owns the asset outright once the loan is repaid.
Residual value: Not applicable. There’s no balloon or final payment unless otherwise structured.
Example: Standard auto loan, mortgage.

A traditional loan where the borrower receives a lump sum upfront and repays it over time in fixed installments.

Open-End Loan

Flexible repayment or usage period.
Often includes a residual value (also called balloon payment, guaranteed future value (GFV), or buyout amount) at the end.
Lower monthly payments due to deferring part of the asset's value to the end.
Options at end-of-term:
- Return the asset (e.g., car),
- Pay the residual to own it,
- Refinance the residual.
Example: Lease-style vehicle financing, balloon loans.

A loan structure where the borrower may have the option to return the asset or pay a residual amount at the end of the term.

Currency

VAT Rate

VAT is applied to the principal portion of each payment. The interest component is calculated based on the net loan amount and then VAT is added to determine the total payment.

Financed Amount

EUR

Initial Payment / Deposit (optional)

EUR

Residual Value

EUR

Only available for Open-End Loans

Loan Term

Annual percentage rate (APR)

Disclaimer

This calculator is provided for informational and educational purposes only. We do not provide any banking or financial services. The calculator is designed solely to help individuals and organizations obtain clear calculations for planning purposes. We do not assume any responsibility if the calculator works improperly or for any decisions made based on its outputs. Always consult with a qualified financial professional before making financial decisions.

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