This is loan calculator. It helps you to calculate interest on loan and to generate loan amortization. Useful for loan such as housing loan, bank loan, student loan, auto loan, or car loan.

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Loan Calculator

 

$
%
years
 

Monthly Repayment ($) 4,540.99
Total Loan Payment ($) 108,983.86
Loan Amount ($) 100,000.00
Total Interest Paid ($) 8,983.86
Number of Installments [n] 24.00
Loan Rate (%) 8.40
Loan Years (years) 2.00

Amortization Schedule

S/N Payment Date Current Balance Month Payment Interest Paid Principal Paid New Balance
S/N Payment Date Current Balance Month Payment Interest Paid Principal Paid New Balance
1 Dec-2018 100,000.00 4,540.99 700.00 3,840.99 96,159.01
2 Jan-2019 96,159.01 4,540.99 673.11 3,867.88 92,291.12
3 Feb-2019 92,291.12 4,540.99 646.04 3,894.96 88,396.17
4 Mar-2019 88,396.17 4,540.99 618.77 3,922.22 84,473.95
5 Apr-2019 84,473.95 4,540.99 591.32 3,949.68 80,524.27
6 May-2019 80,524.27 4,540.99 563.67 3,977.32 76,546.95
7 Jun-2019 76,546.95 4,540.99 535.83 4,005.17 72,541.78
8 Jul-2019 72,541.78 4,540.99 507.79 4,033.20 68,508.58
9 Aug-2019 68,508.58 4,540.99 479.56 4,061.43 64,447.14
10 Sep-2019 64,447.14 4,540.99 451.13 4,089.86 60,357.28
11 Oct-2019 60,357.28 4,540.99 422.50 4,118.49 56,238.79
12 Nov-2019 56,238.79 4,540.99 393.67 4,147.32 52,091.46
13 Dec-2019 52,091.46 4,540.99 364.64 4,176.35 47,915.11
14 Jan-2020 47,915.11 4,540.99 335.41 4,205.59 43,709.52
15 Feb-2020 43,709.52 4,540.99 305.97 4,235.03 39,474.49
16 Mar-2020 39,474.49 4,540.99 276.32 4,264.67 35,209.82
17 Apr-2020 35,209.82 4,540.99 246.47 4,294.53 30,915.29
18 May-2020 30,915.29 4,540.99 216.41 4,324.59 26,590.71
19 Jun-2020 26,590.71 4,540.99 186.13 4,354.86 22,235.85
20 Jul-2020 22,235.85 4,540.99 155.65 4,385.34 17,850.50
21 Aug-2020 17,850.50 4,540.99 124.95 4,416.04 13,434.46
22 Sep-2020 13,434.46 4,540.99 94.04 4,446.95 8,987.51
23 Oct-2020 8,987.51 4,540.99 62.91 4,478.08 4,509.43
24 Nov-2020 4,509.43 4,540.99 31.57 4,509.43 0.00