Loan Calculator 2026
Calculate monthly payment and total loan cost
How does this calculator work?
Calculate your loan monthly payment, total repayment amount, and interest cost. Enter the loan amount, period, and interest rate. Optionally, add the Euribor rate to see the cost with a floating interest rate.
Euribor (Euro Interbank Offered Rate) is the interbank reference rate used in the eurozone. Floating-rate loans add the Euribor rate on top of the base interest (margin).
How much can you borrow?
This calculator estimates your maximum loan amount based on your income and expenses. We use the 40% rule — your loan payment should not exceed 40% of your disposable income. The calculation is based on a 60-month repayment period.
Calculator by loan type
Select a loan type and calculate the monthly payment, total cost, and APR with an example
Taking a loan of 500.00 € for 6 months, at 45.0% interest, with a contract fee of 0 €, your approximate monthly payment is 102.08 €. Total cost is 612.50 €.
How to use the loan calculator
Our loan calculator helps you quickly estimate the costs associated with borrowing. The calculator includes two tools:
- Loan cost calculator — calculates the monthly payment, total repayment amount, and interest cost based on your desired loan amount, period, and interest rate. You can also activate the Euribor slider to see how a floating interest rate affects loan costs at different Euribor levels.
- Maximum amount calculator — estimates how large a loan you can afford based on your income and expenses. The calculator uses the 40% rule, meaning your loan payment should not exceed 40% of your disposable income.
What is Euribor and why does it matter?
Euribor (Euro Interbank Offered Rate) is the reference interest rate for the eurozone interbank money market. Many long-term loans (especially mortgages, but also some consumer loans) use a floating interest rate composed of two parts: the base interest (margin) plus Euribor.
When Euribor rises, your monthly loan payment increases as well. With our calculator, you can use the Euribor slider to simulate different scenarios (0% to 10%) and understand how changes in the reference rate would affect your monthly payment.
Calculator results are indicative
Please note that calculator results are informational and approximate. Actual loan offers may differ depending on the lender's terms, your credit score, contract fees, and other factors. For precise offers, we recommend comparing loan offers on our comparison page.
Content prepared by 123laen.ee specialists
Our team analyzes the Estonian credit market daily, verifies conditions and ensures data accuracy for every lender.
Editor
Andres Mets
Analyst team
123laen OÜ
Borrower requirements
Main conditions for getting a loan
Minimum age 18 years
Must be at least 18 years old, Estonian resident
Regular income of at least €600/month
Regular income must be verifiable
Estonian resident or residence permit holder
Estonian personal ID and bank account
No active debt obligations or payment defaults
Checked via the payment default register
Valid email address and phone number
Required for application verification
Important notice!
A loan affects your credit history. An unpaid loan can worsen your credit rating.
Late payments result in penalties and late fees.
Before taking out a loan, assess your financial situation and ability to repay.
Think before you borrow
Responsible lending
Borrowing is a serious financial decision that affects your life for a long time. Follow these recommendations to avoid financial stress and over-indebtedness.
Create a budget
Before taking a loan, create a detailed monthly budget. Calculate your income and all mandatory expenses — rent, utilities, food, transport. The loan payment must fit within your available funds.
Don't borrow on impulse
Impulsive decisions often lead to over-borrowing. Wait at least 48 hours before submitting an application. If the need still seems justified after waiting, only then proceed.
Compare offers
Don't choose the first offer. Compare terms from at least 3–5 lenders — interest, APR, fees and repayment schedule. Use our comparison table to find the best one.
Read the contract
Before signing, read the contract carefully. Pay attention to the interest rate, APR, penalties, early repayment terms and all fees.
Your borrower rights
Protected by law
Right of withdrawal
You have 14 calendar days to withdraw from the contract without giving a reason. Return the loan amount and accrued interest — the contract will be cancelled.
Early repayment
You have the right to repay the loan early in part or in full at any time. The lender may charge compensation of maximum 1% of the amount repaid.
SECCI standard information
Before signing the contract, the lender must provide you with a SECCI information sheet — it contains all loan terms in one document for an informed decision.
Dispute resolution
If a dispute arises with a lender, you have the right to contact the Consumer Protection Authority free of charge. You can also use out-of-court solutions.
Checklist: what to ask your loan advisor?
8 important questions before taking a loan