How to use this personal loan calculator
Enter the loan amount, annual rate, term in months, origination fee, and monthly insurance.
You will get:
- Base monthly payment (principal + interest)
- Total monthly payment including insurance
- Total loan cost
- Approximate APR-like annual cost (CAT aproximado)
Tips to reduce borrowing costs
- Compare rates from at least 3 lenders.
- Ask for promotions with no origination fee.
- Avoid unnecessarily long terms.
- Make extra principal payments when possible.
Important
This calculator is an educational estimate for Guatemala and LATAM users. Final costs vary by lender policy, credit profile, and mandatory insurance products.