Simulador de Crédito y Deudas

Loan simulator with a debt consolidation plan. Enter the loan amount, term, and interest rate, and see the monthly payment, interest, and total. Then add up your existing loans and see when you'll finish paying them off.

The calculations are done on your phone: no internet, no registration, and no need to share your phone number.

WHAT YOU CAN SIMULATE

1. Installment Loan. Amount, term, and interest rate: the app gives you the monthly payment, interest, and total amount. It works for personal loans, car loans, or any loan with fixed installments.

2. The Payment You Can Afford. With your income and current monthly payments, see what monthly payment still fits within your budget.

3. Two Loan Options Head-to-Head. Compare two options based on their total cost, not just the monthly payment.

4. Extra Payment. See how many months you can reduce your loan term and how much you save on interest by making an additional payment each month. 5. Debt Burden. What percentage of your income goes toward payments and how much is left over?

DEBT PAYMENT PLAN

Enter each loan you currently have: the balance, the interest rate, and the payment amount. The app then creates your plan with this information:

• 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 smallest balance first—and the cost of each loan
• Your loans listed in numbered steps, with the estimated time to pay off each one

This is useful for reviewing debt consolidation options before making a decision, and for seeing what happens to your other loans when you pay one off.

Your information is saved only on your phone. It is not sent anywhere.

AN EXAMPLE

A ​​loan of $5,000,000 for 36 months at an annual interest rate of 26 percent: the monthly payment is approximately $201,000 and the total cost is approximately $7,252,000. The same loan for 60 months: the monthly payment drops to about $150,000, but the total cost rises to approximately $8,982,000. The longer term costs approximately $1,730,000 more.

Move any of the data and the result will change immediately.

PLUS

• Unit price: Compare two sizes of a product and see which is better value
• Principal and interest graphs and payment schedule with and without extra payments

WHO IS IT FOR?

• You received a loan offer and want to check the installment and total amount yourself
• You're paying off several loans and need a clear plan to pay them off
• You want to know how much you save by paying more than the installment
• You want to see how much of your income is already committed

WHAT THE APP DOESN'T DO

• It doesn't lend money or disburse funds
• It doesn't receive applications or documents
• It doesn't display lists of financial institutions or put you in contact with any
• It doesn't check or change your credit history with credit bureaus
• 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 enter. The rate shown is the annual percentage rate (APR) divided by twelve months. Insurance, maintenance fees, and other charges, which are defined by each lender, are not included. Always check the final cost in your contract.

The app is free and displays advertising.