Finance tool
Loan & Payment Calculator
Estimate monthly loan payments, lifetime interest and the effect of extra repayments.
RESULT
Your result will appear here.
USING THIS TOOL
How Loan & Payment Calculator helps
Calculate a fixed-rate installment payment and explore a year-by-year balance schedule.
Method and assumptions
Payment = P × r ÷ (1 − (1+r)^−n), with P principal, r monthly rate and n monthly payments.
Example
At zero interest, a loan of 12,000 over 24 months costs 500 per month before fees.
Know the limits
Check your inputs and verify important financial, health, legal, educational or property decisions using the relevant professional or official source. Results depend on stated assumptions.