What is APR and how is it different from the nominal rate?
Understand how APR reflects fees and mandatory costs, why it can exceed the nominal rate, and how to compare loans fairly.
Continue reading →Financial literacy
08.09.2026 · 2 min read
Finance guide
Loans and personal finance blog
Practical articles that explain complex financial concepts in plain language.
Calculators
08.09.2026 · 2 min read
How is loan interest calculated? Formula and example
Learn the annuity formula, monthly rate and principal-interest split with a practical 10,000 AZN example.
Continue reading →Loan planning
08.09.2026 · 2 min read
What should you check before taking a loan?
A practical checklist covering payment affordability, APR, fees, total cost, contract terms and emergency savings.
Continue reading →Credit history
08.09.2026 · 1 min read
How can you improve your credit history?
Practical steps for healthier credit history through payment discipline, manageable debt and accurate records.
Continue reading →Loan planning
08.09.2026 · 1 min read
When is loan refinancing worth it?
Compare an existing loan with new terms using monthly payment, switching costs and total lifetime cost.
Continue reading →Mortgage
08.09.2026 · 1 min read
How should you plan a mortgage down payment?
Balance the down payment, monthly budget, emergency reserve and long-term mortgage interest.
Continue reading →Where should you start with a loan calculation?
Start with the loan calculator to see monthly payment and total interest. Use APR for mandatory costs and the debt-to-income tool for payment pressure on your income.
The guides explain the concepts behind the numbers. Formulas, assumptions and limitations are documented in the methodology. Calculation methodology.