The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application.
How to Use this Free Loan Repayment Estimation Calculator:
- Enter a Loan Amount
- Choose a Desired Duration of the Loan (can change later)
- Enter an Estimated Interest Rate (e.g. 7.25)
- Click the Calculate Button
Clicking the Reset button will clear entered values
Changing the Duration of the loan updates the Monthly repayment value instantly