CrediSimTerms & Conditions
Last updated: August 2026
Acceptance of Terms
By using CrediSim, you agree to these terms. If you don't agree, please don't use the site.
Description of Service
CrediSim is a free, informational loan and mortgage simulation tool. It calculates estimated monthly payments, total interest, amortization schedules, and the impact of early repayment based on the numbers you enter. It does not connect to any bank, does not submit loan applications, and does not broker loans.
Not Financial or Legal Advice
CrediSim does not provide financial, legal, or tax advice. Results are for informational purposes only and should not be treated as a recommendation to take out a loan, choose a particular rate, or make any financial decision. Always confirm figures with a licensed lender or financial advisor before making a decision.
Accuracy of Estimates
Results are estimates based on the inputs you provide and standard amortization formulas. They may differ from a bank's final offer, which can include fees, insurance, taxes, and other costs not modeled here. CrediSim makes no guarantee that any figure shown will match what a lender ultimately offers.
No Liability
CrediSim and its operator are not liable for any decision made, or loss incurred, based on the use of this tool. The service is provided "as is," without warranties of any kind.
Changes to These Terms
These terms may be updated from time to time. Continued use of CrediSim after a change means you accept the updated terms.