Lån: Ydelse, Renter og Plan

What will the loan actually cost? Enter the amount, term and interest, and the app will show the monthly payment, interest expense and the total amount you will pay back. Then add the loans you are already paying on and see when the last one is gone.

Everything is calculated on your phone: without internet, without an account and without a phone number.

YOU CAN CALCULATE THIS

1. The payment on a loan. Enter the amount, term and interest, and you will get the monthly payment, interest and total repayment. Can be used as a loan calculator for a consumer loan, a car loan or any loan with fixed payments.
2. What payment you can pay. Based on your income and your current payments, you can see what monthly payment there is still room for.
3. Two loans against each other. Two sets of terms side by side, assessed on the total price and not just on the payment.
4. Extra installments. How many months you save and how much interest you avoid by paying a fixed extra amount each month.
5. Debt load. How much of your income goes to payments and how much is left.

PAYMENT PLAN

Write down each loan you have now: outstanding debt, interest and monthly payment. The app creates the plan:

• how long it will take until you are debt-free and how much interest is still pending
• what changes if you add an extra amount each month
• two orders to pay in — highest interest first or smallest outstanding debt first — with the price for each
• your loans as numbered steps, with the time it takes to complete each

Useful when you have to choose which loan to pay off first, or want to see if it is worth combining several loans into one.

What you enter is only stored on your phone. Nothing is sent anywhere.

EXAMPLE

100,000 DKK over 60 months at 8.5 percent per year: a payment of approximately DKK 2,050 and approximately DKK 123,100 in total. The same amount over 120 months: the payment drops to approximately DKK 1,240, but in total you pay approximately DKK 148,780. The longer term costs approximately DKK 25,680 more.

Change any number and the result is updated immediately.

ALSO IN THE APP

• Price per unit: compare two package sizes and see which one is the best deal
• Diagrams of installments and interest as well as the payment plan with and without extra installments

WHO IT'S FOR

• You have received the terms of a loan and want to check the service and the total amount yourself
• You are paying on several loans and want a clear order to settle them in
• You are considering extra installments and want to see the savings first
• You want to know how much of your income is already going towards debt

THAT THE APP DOES NOT DO

• It does not provide loans or disburse money
• It does not receive applications or documents
• It does not display lists of banks or loan providers and does not put you in contact with anyone
• It does not look up the RKI or other registers and does not change anything there
• It does not provide financial or legal advice

IMPORTANT INFORMATION

This app is a calculator. It is not a bank or a lender and has no connection to any creditor, credit bureau or public authority.

All results are estimates based on the numbers you enter. Interest is calculated on the outstanding debt and the annual interest is spread over twelve months. Fees, establishment costs and insurance are not included, so the APR in your own agreement will be higher. Always check the final price in your own loan agreement.

The app is free and without ads.