Préstamos Personales: Tu Cuota

How much does a personal loan end up costing? Enter the loan amount, the number of installments, and the interest rate, and see the monthly payment, the interest, and the total amount to repay. Then, add the loans you're already paying off and see when you'll finish paying them all off.

Everything is calculated on your phone: no internet required, no registration, and no need to share your phone number.

WHAT YOU CAN CALCULATE

1. Loan installments. Amount, term, and interest rate: the app shows you the monthly payment, the interest, and the total. It works for personal loans, secured loans, or any fixed-rate loan.

2. What installment you can afford. With your income and what you already pay each month, see which installment still fits within your budget.

3. Two loans side by side. Compare their total cost, not just the monthly payment.

4. Make advance payments. See how many installments you can eliminate and how much you save on interest by adding an extra amount each month. 5. How much of your salary goes toward debt? The percentage of your income already committed and what's left.

YOUR DEBT-FREE PLAN

Enter each loan you currently have: the balance, the interest rate, and the payment amount. The app will then create a plan for you:

• How long it will take to be debt-free and how much interest you still owe
• What changes if you add an extra amount each month
• Two possible ordering options—highest interest rate first or lowest balance first—with the cost of each

• Your loans listed in numbered steps, with the time it takes to pay off each one

This helps you review debt consolidation options before making a decision and see what happens to your remaining debt when you pay off one loan.

The information you enter is saved only on your phone. It is not sent anywhere.

AN EXAMPLE

A ​​loan of $1,000,000 in 12 installments at an annual interest rate of 70 percent: installment of approximately $118,200, total repayment of approximately $1,418,300. The same amount in 24 installments: the installment drops to approximately $78,500, but the total repayment increases to approximately $1,882,900. The longer term costs you approximately $464,700 more.

Change any of the data and the result will update immediately.

IT ALSO INCLUDES

• Unit price: Compare two sizes of a product and see which one is better
• Graphs of principal and interest, and a payment schedule with and without extra payments

WHO IS IT FOR?

• You've already received loan terms and want to review the installment and total yourself
• You're paying off several loans and need a clear plan to finish them off
• You're thinking about making advance payments and want to know how much you'll save
• You want to know how much of your salary is already going toward debt

WHAT THE APP DOESN'T DO

• It doesn't lend money or credit your account
• It doesn't receive applications or documentation
• It doesn't display lists of financial institutions or connect you with any
• It doesn't check or modify your status with Veraz (credit bureaus) or the Central Bank
• It doesn't provide financial or legal advice

IMPORTANT INFORMATION

This app is a calculator. It is not a bank or financial institution, and it is not affiliated with any entity, credit bureau, or government agency.

The results are estimates based on the data you upload. The rate is calculated as the annual nominal rate divided by twelve months. Interest, insurance, expenses, and fees are not included, which is why the total cost of financing (TCF) of your contract will be higher. Always check the final cost in your own contract.

The app is free and displays advertising.