Estonia loan calculator
An annuity loan's monthly payment is the same throughout the term. Early payments are mostly interest and later ones mostly principal, even though the amount never changes.
- Total repaid
- €23,199.36
- Total interest
- €3,199.36
Basis of the calculation
An annuity schedule means the monthly payment stays the same for the whole term — early payments are mostly interest, later ones mostly principal.
How is a loan payment calculated?
The annuity formula spreads the loan so that interest and principal together come to the same amount every month. The payment depends on the loan amount, the monthly rate and the number of payments. A longer term lowers the payment but raises the total interest.
What is an annuity schedule?
With an annuity schedule the monthly payment is identical for the whole term. The alternative is equal principal payments, where the instalment starts higher and falls over time. Estonian banks offer annuity by default, because a level payment is easier to budget.
How much can I borrow?
Banks generally work to a limit where all loan payments together stay under roughly 40 per cent of net income, and they count existing commitments too. For a precise figure use the borrowing capacity calculator, which weighs income against current payments.
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