Calculate the true Total Effective Cost (CET) and IOF federal tax for loans in Brazil. Unveils hidden bank charges: fixed IOF (0.38%), daily IOF (0.0082%/day), account opening fees (TAC), and mandatory insurance.
Nominal monthly contract rate displayed on commercial offer.
Upfront bank processing fees.
Life and debt credit protection insurance.
\text{Valor Líquido} = \sum_{j=1}^{n} \frac{PMT_j}{(1 + CET_{\text{mensal}})^j}; \quad CET_{\text{anual}} = (1 + CET_{\text{mensal}})^{12} - 1The Total Effective Cost (CET) is the internal rate of return (IRR) that equates the net cash disbursed to the borrower with all future debt outflows (principal, interest, IOF tax, administrative fees, and insurance). Brazilian Central Bank rules mandate clear disclosure of CET prior to loan signing.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, underwriting, or legal advice. Actual interest rates, closing costs, lender fees, and statutory criteria may vary. Calconova explicitly disclaims all liability for any financial decisions or actions taken based upon these calculations. Users are strongly advised to consult a certified financial planner, CPA, or licensed lending officer prior to executing financial commitments.
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