Personal loan calculator
Simulate the monthly payment, total interest, and total cost of a personal loan. Compare annuity vs. decreasing payments, fixed vs. variable interest.
Loan parameters
Life insurance (optional, 0.05-0.15% of balance/month)
0 - 350 RON (many banks have eliminated this fee)
Simulation results
Monthly payment chart
Amortization table
| Month | Payment | Principal | Interest | Remaining balance |
|---|
Bank offer comparison — personal loans 2026
| Bank | Fixed rate | Variable rate | Max amount | Max period | Simulate |
|---|
Indicative interest rates 2026. Check current offers on bank websites. APR depends on profile, amount, and term.
Annuity vs. decreasing installments
Equal installments (annuity)
- ✓ Constant monthly payment — easy to budget
- ✓ Lower initial payment than decreasing installments
- ✓ Most popular option in Romania
- ! You pay more total interest
Decreasing installments
- ✓ You pay less total interest
- ✓ Balance decreases faster — lower risk
- ✓ Ideal if you have stable and high income
- ! First installment significantly higher
Personal loan tips
Compare APR, not the nominal interest rate. APR (Annual Percentage Rate) includes all costs: processing fee, insurance, account management. A low interest rate with high fees can be more expensive than a higher rate with no fees.
Choose the optimal term. A shorter term = higher payment but much lower total interest. A loan of 30,000 RON over 3 years costs ~3,900 RON in interest, but over 7 years costs ~9,700 RON — 2.5x more.
Check your right to early repayment. Under OUG 50/2010, you can repay the loan in full or in part without penalties (or with a maximum of 1% for loans over 1 year). Repay early when you have the funds — you save significantly on interest.
Watch your debt-to-income ratio. BNR imposes a maximum debt-to-income ratio of 40% of net monthly income (DSTI). Your loan payment plus any existing payments must not exceed this threshold.
Fixed vs. variable interest? Fixed interest offers predictability (the payment does not change). Variable interest (IRCC + margin) may be lower initially but increases if IRCC rises. See ROBOR/IRCC page for trends.
"Financial pit" simulator — late payments
What happens if you don't pay on time? Calculate penalties, the real cost of delay, and how the debt grows. According to OUG 52/2016 and the Civil Code.
What happens step by step
Impact on the Credit Bureau (CRC)
Exit and refinancing options
If you have difficulty paying your loan, there are legal solutions. Don't ignore the problem — every day costs penalties.
Your rights under the law
OUG 52/2016 (Consumer credit contracts): You have the right to full information about the total cost of credit, including penalties. The bank is obliged to notify you in writing at least 15 days before enforcement.
Art. 1523 Civil Code — Debt in payment: For mortgage loans, you can hand over the property to the bank and settle the debt. Does not apply to unsecured personal loans.
OUG 50/2010 art. 66-69 — Refinancing: You have the right to transfer the loan to another bank with better conditions. The current bank cannot refuse early repayment (max 1% fee).
Law 151/2015 — Personal insolvency: In extreme cases, you can request insolvency — a 5-year restructuring plan under court supervision. Severely affects your credit score for 7+ years.
Prescription of enforcement: The right to forced enforcement expires 3 years from the due date. The bank may sell the debt to a collection agency. The debt does not disappear — it becomes harder to recover.
Quick simulation
Amount
Quick interest rate
Reference rates 2026
Eligibility conditions
Required documents
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