Money & shopping
Loan repayment calculator
Estimate fixed monthly payments and download an amortisation schedule.
A clear answer. Here’s how.
Uses a fixed nominal annual rate divided by 12 and equal monthly payments. Handles zero interest. The schedule calculates interest on the remaining balance and adjusts the last payment to clear it. Fees, payment-date differences and lender-specific rounding are excluded.
See a worked example
Worked example
A fixed demonstration, separate from the values you enter above.
- Loan principal
- 10000
- Annual nominal interest (%)
- 6
- Number of monthly payments
- 36
Example result
| Month | Payment | Interest | Principal | Remaining balance |
|---|---|---|---|---|
| 1 | 304.219374516 | 50 | 254.219374516 | 9,745.78062548 |
| 2 | 304.219374516 | 48.7289031274 | 255.490471388 | 9,490.2901541 |
| 3 | 304.219374516 | 47.4514507705 | 256.767923745 | 9,233.52223035 |
| 4 | 304.219374516 | 46.1676111518 | 258.051763364 | 8,975.47046699 |
| 5 | 304.219374516 | 44.8773523349 | 259.342022181 | 8,716.12844481 |
Total interest: 951.89748256. Scheduled totals use full precision; lender rounding and fees can differ.