With an **annuity loan**, a repayment amount is calculated that remains annually constant.
During the loan term the percentage of the annuity paid for interest continually declines
while the percentage paid for the principal continually increases.

With a **fixed principle loan**, a constant sum for the principal is calculated
throughout the entire loan term.
The monthly installment is comprised of this amount for the principal and
the interest due on the remaining debt; the installment continually declines over the course of the loan term.

With an **interest-only loan**, the loan amount itself is not paid until the end of the loan term.
Continuous equal interest payments are due throughout the entire loan term.

With an **interest-only loan without interest payments**,
here too the loan amount itself is paid at the end of the loan term.
In this case, however, no interest payments are due throughout the entire loan term;
the interest is paid at the end of the loan term, including compounded interest.

Enter a **payout amount** between EUR 100.00 and 10,000,000.00 along
with a **term** between one month and 480 months.

€ Payout amount in euros

Term in months

Enter a **nominal APR**, or annual percentage rate, between 0 and 100%.

As a rule, the **processing fee as a percentage** between 0 and 50% is levied
by the bank or credit institute for the sum total loan amount,
in other words on the sum of the payout amount plus the processing fee.

Entering a **minimal processing fee** between EUR 0.00 and 10,000.00
overrides a processing fee bearing a lower percentage.

The program determines the effective APR iteratively pursuant to the stipulations of the Preisangabenverordung (German price quotation ordinance).

% Nominal APR (annual percentage rate)

% Processing fee on loan amount as percentage

€ Minimum loan processing fee in euros

Date of disbursement

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