Work out the repayments
Pick an amount, a term and a rate. Fixed repayments, worked out monthly.
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How this is worked out
The calculator uses the standard formula for a loan with fixed monthly repayments, where interest is charged on the balance still owed.
The two Microfinance Ireland buttons use its published fixed rates: 6.5%, or 5.5% if a Local Enterprise Office or your bank refers you. Microfinance Ireland charges no fees.
For any other lender, type in the rate it quotes you. Ask whether the rate is fixed or variable, and whether there are arrangement fees, because fees are not included here.
A lender works out repayments its own way, so the real figure can differ by a few euro. Use this to see what you can afford before you apply.
This tool gives an estimate from published rules. It is not a decision, and it is not financial advice. The body that runs the scheme always decides.