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Loan Calculator

Calculate monthly payments for equal principal and interest

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📖 Instructions

Loan Calculator Instructions



Introduction


Calculate monthly payments, total interest and repayment schedules for equal-principal-and-interest and equal-principal methods, to help plan your loan.

How to Use


  • Enter the loan amount, annual rate and term

  • Choose the repayment method (equal principal+interest / equal principal)

  • Monthly payment and total interest are computed; view the full schedule


  • Notes


  • Results are for reference only; banks calculations prevail

  • Supports monthly and yearly terms
  • ❓ FAQ

    Can I see the monthly schedule?

    Yes, each month principal, interest and remaining balance are shown.

    Which repayment methods are supported?

    Both equal-principal-and-interest and equal-principal methods.

    Is this tool free?

    Yes, it is completely free and requires no registration.

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