Loans & insurance · consumer loan
Consumer loan calculator 2026
A consumer loan’s effective annual rate (APR) combines the nominal rate and all fees into one figure, and it is the best number for comparing offers. For example, a 10,000 € loan at 8% nominal over 48 months with no fees gives a monthly payment of 244.13 €, an APR of 8.30% and 1,718.24 € of interest. This calculator shows the monthly payment, the fees and the APR.
In Finland the nominal rate of a consumer credit may be at most 17.50% (1.1.–30.6.2026) and other costs at most 150 € per year. The calculator is indicative and is not a loan offer.
Loan details
In months.
Effective annual rate (APR)
10,52 %
Includes the nominal rate and the fees entered.
| Monthly payment (incl. fees) | €253.85 |
| Total interest | +€1,945 |
| Total fees | +€240 |
| Total cost of credit | €2,185 |
| Total paid | €12,185 |
In Finland the nominal rate of a consumer credit may be at most the rate cap (17,5 %, H1/2026) and other costs at most €150/year. The cap applies to the nominal rate, not directly to the APR. Mortgages and vehicle hire-purchase are outside the cap.
This calculator is indicative. The APR is computed from the fees you enter; a lender's stated APR may differ. This is not a loan offer — a binding rate, fees and payment are confirmed by the lender.
How is a consumer loan's APR calculated?
The effective annual rate (APR) is the annual rate at which the loan amount equals the present value of all payments — so besides the nominal rate it includes the opening fee and monthly fees. That is why the APR is always higher than the nominal rate when a loan has costs or interest is charged more than once a year. It is the best figure for comparing offers, because it combines the rate and the costs into a single percentage.
What makes up the cost of a consumer loan?
The monthly payment is an annuity: the same euro amount each month, covering interest and principal. The longer the term, the lower the monthly payment but the more total interest accrues. Costs may include a one-time opening fee and a monthly account or invoicing fee.
The APR is always higher than the nominal rate when the loan has fees or interest is charged monthly. It is calculated with the EU consumer-credit formula as the rate at which the loan amount equals the present value of all payments. That is why you should compare the APR, not just the nominal rate.
In Finland the price of consumer credit is capped by law. The nominal rate may be at most the reference rate under the Interest Act + 15 percentage points, but no more than 20%. For 1.1.–30.6.2026 the reference rate is 2.50%, so the rate cap is 17.50%. Non-interest costs may be at most 0.01% of the credit per day, but no more than 150 euros per year.
The rate cap and cost cap do not apply to mortgages or vehicle hire-purchase financing. If the offered nominal rate exceeds the rate cap, the credit is not lawful — the calculator warns about this.
Frequently asked questions
What is the difference between the nominal rate and the APR?
The nominal rate is just the loan's interest. The APR additionally includes the loan's costs (opening fee, monthly fees) and the monthly compounding of interest, so it is the better comparison figure. Of two loans, the cheaper is usually the one with the lower APR.
What is the consumer-credit rate cap in 2026?
The nominal rate may be at most the reference rate + 15 percentage points, but no more than 20%. For 1 Jan–30 Jun 2026 the reference rate is 2.50%, so the cap is 17.50%. The reference rate is reviewed every six months.
Is there a cap on fees?
Yes. Costs other than interest may be at most 0.01% of the credit per day, but no more than €150 per year. The rate and cost caps do not apply to mortgages or vehicle hire-purchase.
Are the results a loan offer?
No. The calculator gives an indicative estimate from the figures you enter. A binding rate, fees and APR come from the lender's offer.