How to Use a Loan Calculator – What You See Is What You Get

loan calculator

Everything You Need To Know About Our Loan Calculator 

Whether it´s to open the door to a golden opportunity or to help with everyday life events like car repairs or bills, at Ferratum, we believe in providing people with the tools to help them say yes to life more often.

Responsible Lending

Founded in Helsinki, Finland, Nordic values such as trust, honesty, reliability, and sustainability can be found at the heart of our operation.

We believe that a transaction is more than just financial – it’s a mutual exchange built on trust.

As a responsible lender, we strive to adhere to responsible marketing practices and to ensure that all information we provide to our customers is transparent and accurate.

Our process for approving loans is based on a sophisticated scoring model we've developed over a number of years. We base our lending decisions on a careful assessment of the borrower’s financial position, their ability to repay loans, and whether the borrower’s requirements and objectives will be met by the loan.

Although our loan approval process takes just minutes, various factors are taken into account to ensure that loans are granted on the basis of sound and ethical reasoning.

Should our customers experience difficulty making repayments, we are always happy to discuss and explore options together.

Loan Calculation

Using our Interest Rate Loan Calculator, you can determine the full repayment amount on our loans. Simply use the slider on the loan calculator to select the amount of money you wish to borrow then use the next slider to select the number of days you wish to have the loan. Our loan calculator will then calculate interest rates, and in the column on the right, you will see the total loan calculation.

Our loan calculator can be used to calculate any type of fixed personal loan. Whether you want to find out the interest calculation for purchasing last-minute tickets, booking a flight to attend a job interview across country, or getting your car back on the road, you can find out in seconds using the loan calculator.

Loan amount

Loan amount: X
Loan term: X
Interest: X
Total amount payable: X
Monthly repayment: X

*Minimum loan term - 62 days, maximum - 4 months

Customising Your Loan

Best yet, you can easily manage your loan by finding the combination that makes the repayment of your loan most comfortable for you.

Use the sliders on the loan calculator to change the number of days and the amount of money until you find the loan calculation amount that suits you best.

No Additional Fees

We believe in complete transparency. As a direct lender, there are no third parties and no third-party fees. As with all our loans, what you see is what you get.

When using our loan calculator, rest assured, there are no additional fees or hidden costs. You know exactly what you will pay at all times – no nasty surprises.

What Are Interest Rates

Interest rates are the fee that a customer or borrower is charged for borrowing money from a lender. Interest rates are expressed as a percentage of the total amount of the loan.

Interest Rates For Different Loan Types

Our Microloans offer consumers a quick and straightforward access to small cash amounts. We currently offer microloans in the range of £50–£500 with terms from 7-37 days.

Our Plusloans are a more flexible loan product offered in larger amounts typically £300-£1,000 with longer maturity periods of 2–4 months. Plusloans involve instalment repayment plans, which distinguishes them from our traditional microloan product.

The repayment instalments are normally equally distributed throughout the term of the loan. This allows customers to budget their finances when repaying.

Apply for a loan