FinanceCalculators
Loan Calculator
Calculate your loan payment, total principal, total interest and total repayment for any duration and payment frequency.
Enter the loan amount, interest rate and duration to see your repayment schedule. Interest-free loans (0%) are supported.
How repayments are calculated
Payments use the reducing-balance formula A = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the rate per period and n is the number of payments. For a 0% loan the amount is simply split evenly across all payments.
Choosing a payment frequency
Monthly, quarterly and yearly frequencies are supported. The number of payments is the duration in years multiplied by the payments per year, and the interest rate is converted to a per-period rate automatically.
Frequently Asked Questions
Yes. Enter 0 as the interest rate and the payment is the loan amount divided evenly across the term.