Free Loan Repayment Calculator
See your monthly payment, total interest and a month by month repayment table for any loan.
Runs in your browser. Nothing you type is uploaded.
How to use the Loan Calculator
Enter the loan amount and the annual interest rate.
Set the term in months or years.
Read the monthly payment and open the table to see each month.
Questions
How is the monthly payment calculated?
It uses the standard formula for a fixed rate loan with equal monthly payments, where interest is charged each month on the remaining balance. For a 0% loan it is simply the amount divided by the number of months.
Why is my lender's figure different?
Lenders may add fees, insurance or a different way of charging interest, such as a flat rate on the original amount. Check the offer letter for the exact terms.
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