Consumer Loan Calculator

Calculate monthly payments, total interest cost and APR for your personal loan or consumer credit.

Parameters

Loan amount (€)

Annual rate (%)

Term (months)

Monthly insurance (%)

Monthly payment (incl. insurance)

353 €

/ months

Total cost

16 925 €

TAEG ≈ 3.06 %

Loan details

Loan amount (€)15 000 €

Monthly payment (excl. insurance)349 €

Interest+ 1 745 €

Insurance cost+ 180 €

Total cost16 925 €

Interest cost1 925 €

Outstanding balance

Understanding consumer loans in France

A consumer loan (credit a la consommation) in France covers any borrowing between €200 and €75,000 for personal use. French law provides strong consumer protections including mandatory APR disclosure, a 14-day withdrawal period, and usury rate caps set quarterly by the Banque de France.

Monthly Payments

Fixed monthly payments calculated using standard amortization. The payment includes both principal repayment and interest, with insurance added separately.

Total Cost

The total cost includes all interest charges plus optional borrower insurance. This gives you the true price of your loan beyond the principal.

APR (TAEG)

The Annual Percentage Rate includes all mandatory costs (interest, insurance, fees) and allows fair comparison between different loan offers.

How monthly payments are calculated

The monthly payment is calculated using the standard annuity formula: M = C x r / (1 - (1+r)^-n), where C is the borrowed amount, r is the monthly rate, and n is the number of months. Each payment covers decreasing interest and increasing principal over time.

Insurance and total cost

Borrower insurance is optional but commonly required by lenders. It typically covers death, disability and job loss. The insurance cost is calculated on the initial capital and added to each monthly payment. The TAEG (APR) includes this insurance to reflect the true all-in cost.

Frequently asked questions

What is the maximum rate for a consumer loan?▼

French law sets usury rate caps (taux d'usure) updated quarterly by the Banque de France. Any loan offer exceeding this cap is illegal. The threshold varies by loan amount and type.

Can I repay my consumer loan early?▼

Yes, early repayment is always allowed in France. The lender may charge a penalty of up to 1% of the remaining balance (or 0.5% if less than one year remains), but only if the remaining amount exceeds €10,000.

What is the difference between TAEG and nominal rate?▼

The nominal rate is the base interest rate. The TAEG (Annual Percentage Rate) includes all costs: interest, insurance, application fees, and mandatory charges. Always compare offers using the TAEG.

How does loan term affect total cost?▼

A longer term means lower monthly payments but significantly higher total interest cost. For example, doubling the term can nearly double the total interest paid. Choose the shortest term your budget allows.