Loan Calculator

Motty’s loan calculator has a formula that calculates the total cost of the loan. The calculator is easy to use and enables you to independently calculate the interest rate and total cost of the loan, and select the loan that suits you best.

When you normally apply for a loan, we send your application to all the banks we collaborate with, compare the loans for you, and present the best options to you. Now, with the help of the loan calculator, you have the opportunity to do this yourself. The loan calculator handles the calculation, so you do not need to worry about that.

How the loan calculator works:

Enter how much you wish to borrow, the repayment period, and equity, and the calculator will calculate the total amount for you. Our loan calculator helps you calculate what the loan will cost you and what interest rate you will receive on the loan. The interest rate and total cost of the loan will vary based on the variables you enter. The loan calculator means you do not need to submit an application and wait for a response from us. The calculator works it out for you and you select the loan yourself.

How to choose the right loan?

Which loan you choose can be crucial, as the terms of the different loans will vary. We have compiled factors you need to consider to find the best loan for you.

You must consider this when choosing a loan:

Which loan type is best to choose?

Fixed-rate loan

If you want a fixed loan cost each month throughout the entire repayment period, a fixed-rate loan is what you should choose. You will then pay a fixed amount each month regardless of whether the interest rate level in society changes. This means that the interest rate on the fixed-rate loan is usually higher than the floating rate at the time you choose the loan.

Floating-rate loan

The floating rate follows interest rate developments in the market, which means that interest costs can fall and rise over time. If you want greater flexibility during the repayment period, a floating rate is what you should choose.

Nominal or effective interest rate

The effective interest rate tells you what the loan will cost you in total. Whereas the nominal interest rate is the interest rate before all fees are added, and is often stated as an annual rate. For many, the effective interest rate is the most important factor when choosing a loan. Read more about nominal and effective interest rates in the article below.

Article – What is the difference between nominal and effective interest rates?

Annuity loan or serial loan?

If you wish to pay the same amount each month throughout the repayment period, an annuity loan will be right for you. Whereas with a serial loan, you will pay less and less each month throughout the repayment period. Read more about annuity loans and serial loans in the article below.

Article – What is the difference between annuity loans and serial loans?

Our loan calculators – Loans for different purposes

We have many different types of loans you can choose from, and have therefore developed several loan calculators. What suits you best is up to you and your needs.
The loan calculator helps you calculate the interest rate and see how much you must pay each month on your loan. Select a loan calculator based on what you need money for.

Consumer loan calculator

Many of us need to borrow money to fulfill dreams or pay for unforeseen expenses. Do you need to borrow money for something you cannot afford right now? Then a consumer loan may be the loan for you. Use our consumer loan calculator to calculate what the consumer loan will cost you.

Credit card calculator

A credit card is worthwhile to have as it comes with many benefits. Use our credit card calculator to find the credit card that suits you. By using a credit card, you protect yourself against fraud, and it is a card that is recommended to have with you when traveling. Read more about the benefits of credit cards in the article below. Use our credit card calculator and calculate interest costs and the total amount of your loan.

Article – Five benefits of credit cards

Interest calculator

Do you wish to borrow money but are unsure what the interest on the loan will cost you? Calculate the interest on your loan with our interest calculator. Motty’s formula calculates the interest for you, so you can compare the different loans and choose the loan with the best interest rate.

Loan calculator for camper trailers, caravans, and motorhomes

Are you going traveling and longing for a holiday on wheels? We have a loan calculator for camper trailers, caravans, and motorhomes. Calculate how much the loan will cost you and compare loan offers from several banks.

Boat loan calculator

Are you going to buy the boat you have always wanted? Use our boat loan calculator to calculate interest rates and the total cost of the loan, and get an overview of what the loan will cost you.

Car loan calculator

Do you need to borrow money to buy a new or used car? Use our car loan calculator to see what the car loan will cost you per month at the different banks.

Mortgage calculator

Calculate how much the mortgage will cost you with Motty’s mortgage calculator. Enter how much you wish to borrow, equity, and repayment period, and we will calculate interest costs and the total amount. You can then compare different loan offers from several banks.