Equipment Loan Calculator

How to use it

1. Define the amount a financiar: cost of adquisición of the equipment or machinery (hormigonera, miniexcavadora, furgoneta...)
2. Enter the APR (rate Anual Equivalente) of the financiera: between 5-10% APR to préstamos of equipment of construcción
3. Establish the term of financiación in months: 24-60 months to tools, 48-120 months to machinery pesada
4. Apply the fórmula of amortización francés (payments constantes): r = APR/12, n = term in months
5. Calculate the total pagado = fee × term and the interes is total = total pagado − amount solicitado
6. Compare the opción of préstamo with the renting or leasing (fee monthly without propiedad final of the bien)

Common mistakes

• ⚠️ Fijarse solo in the fee monthly and not in the cost total of the préstamo (interes is + commissions)
• ⚠️ Not Compare APR between entidades: the APR includes commissions and expenses, is the referencia current of the cost
• ⚠️ Elegir terms too much largos: pagas less to the month but many más interes is total
• ⚠️ Forget that the interes is of the préstamo are expense deducible in the actividad professional or empresarial
• ⚠️ Not considering that the machinery financiada can amortizarse fiscalmente of forms acelerada (libertad of amortización to pymes)

Worked example

Calculate monthly payment for 50,000 EUR at 5% for 5 years.

Results: fee monthly of {cuota_mensual_eur} €/month, total pagado of {total_pagado_eur} €, total of interes is of {total_intereses_eur} €.

Input guide