Your bank quotes a headline rate. The real cost includes dossier fees, annual management charges, and the way amortisation compounds over time. This calculator shows you the number your bank prefers you don't calculate.
Is this rate and fee structure typical for a Belgian SME loan?
The calculator shows you the cost. Credia's analysis shows you how it compares to the market — and exactly where you can push back.
Monthly repayment uses standard French amortisation. Dossier fee is treated as an upfront cost. Annual management fee is applied to the original loan amount each year (conservative — some banks apply it to the outstanding balance). True all-in rate is the IRR of all cash flows. No market assumptions are used in the calculation.
Belgian banks are required to disclose the Annual Percentage Rate (APR) on consumer loans. For commercial SME loans, there is no such legal requirement. The bank quotes you an interest rate. The fees are listed separately. Almost no borrower adds them together correctly.
A 1% origination fee on a €500.000 loan is €5.000 paid on day one. On a 3-year loan at 3.5%, that fee alone adds ~0.6% to your true annual rate. On a 7-year loan, it adds ~0.2%. Duration matters — and most borrowers don't know this.
A 0.25% annual management fee sounds trivial. On a €500.000 loan over 5 years, that's €6.250 in additional costs charged each year on top of your interest. Most SMEs notice it on their statement but never account for it in total cost.
When a bank quotes 3.5%, their credit committee approved a deal priced at 4.1% all-in. They know the true cost. Now you do too. The negotiation isn't just about the rate — it's about reducing the fee load to bring the all-in number down.