## How to use the loan Calculator:

### The Loan Calculator helps you to calculate loans online.

**1) Computation of the annuity:** Enter the annual interest rate, the loan amount (cash value) and the number of annuities. Alternatively, you can enter a final loan value, costs per rate and initial expense (unique costs such as opening expenses etc.). Click on calculate. The result will be the annuity and the effective interest rate under consideration of eventual initial expenses and costs per rate.

**2) Computation of the loan amount (bar value):** Enter the annual interest rate, the number of annuities and the amount of the annuity. Alternatively, you can enter a final loan value, costs per rate (annuity) and initial expense (unique costs such as opening expenses etc.). Click on calculate. The result will be the amount of the loan (bar value) and the effective interest rate under consideration of possible initial expenses and costs per rate.

**3) Computation of the interest rate**: Enter the number of the loan rates (annuities), the loan amount (bar value) and the amount of the loan rate (annuity). Optionally, you can enter a final loan value, costs per rate (annuity) and initial expense (unique costs such as opening expenses etc.). Click on calculate. The result will be the amount of the interest rate as well as the effective interest rate under consideration of initial expenses and costs per rate (annuity).

**4) Calculation of the number of loan rates (annuities):** Enter the interest rate, the loan amount (bar value) and the loan rate (annuity). Optionally, you can enter the final loan value, costs per rate and initial expense (unique costs such as opening expenses etc.). Click on calculate. The number of loan rates (annuities) as well as the effective interest rate, considering the initial expenses and costs per rate (annuity), will be computed.

**Remaining debit: **If you want to pay a certain amount at the end of the redemption period at once, you can enter the amount in this field. This is helpful to confront leasing offers with loan offers, when a financement should be repaid up to a certain amount, which then has to be paid at once.

**Manner of payment:** According to whether the loan rates (annuities) are payable monthly, quarterly, half-yearly or annually, you can select the manner of payment. Please note that the interest rate always refers to one year, independent of the selected manner of payment.