Finance
Finance articles
Guides and examples for solving finance calculations with more context.
Finance · 6 min read
Loans between individuals: calculating payments and interest
Calculate payments for a loan between family members, friends or business partners and document the terms clearly.
Read articleFinance · 7 min read
Microloans and loan apps: how to spot an expensive loan
Evaluate a microloan or lending app by its rate, CAT, term, fees, total repayment and warning signs of fraud.
Read articleFinance · 6 min read
Car loans: how to calculate the payment and interest
Estimate a car loan payment from the amount financed, rate and term, then account for fees, insurance and add-ons.
Read articleFinance · 6 min read
Payroll loan vs. personal loan: key differences
Compare Mexican payroll and personal loans by payment method, rate, CAT, fees, insurance and total cost.
Read articleFinance · 7 min read
Personal loan vs. credit card: which costs less?
Compare a fixed-term personal loan with revolving credit-card debt, including rates, fees, repayment behavior and total cost.
Read articleFinance · 6 min read
How much can I borrow based on my income?
Estimate a manageable loan amount from your income, current debts, target payment, interest rate and term.
Read articleFinance · 6 min read
12-, 24-, 36- or 48-month loan: which term should you choose?
Compare how monthly payments, total interest and total repayment change across common loan terms.
Read articleFinance · 6 min read
Extra loan payments: how they can reduce interest
See how extra principal payments can shorten a loan and reduce interest, and what to verify before paying early.
Read articleFinance · 5 min read
Annual, monthly and daily loan rates: how to convert them
Convert nominal annual loan rates into simple monthly or daily rates and avoid mixing incompatible periods.
Read articleFinance · 7 min read
How to build a loan amortization schedule in Excel
Create an amortization schedule in Excel or Google Sheets with formulas for payment, interest, principal and balance.
Read articleFinance · 7 min read
How to compare two loans: rate, CAT, term and fees
Compare two loans fairly using the rate, Mexico’s CAT, payment, term, fees, insurance and total repayment.
Read articleFinance · 6 min read
The French amortization system, explained
Understand why the French amortization method keeps payments level while the mix of interest and principal changes.
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