Loan Calculator

This loan calculator 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. It's good to count your cost.

Loan Calculator

SEE ALSO: Pension Calculator | Tax Calculator | Salary Calculator | Mortgage Calculator

Loan Amount _*

₦

Loan Rate _*

Loan Years _*

years

Start Month _*

Your Result

Monthly Repayment (₦)	51,320.67
Total Loan Payment (₦)	307,924.03
Loan Amount (₦)	300,000.00
Total Interest Paid (₦)	7,924.03
Number of Installments [n]	6.00
Loan Rate (%)	9.00
Loan Years (years)	0.50
First Payment Date	Sep-2021
Last Payment Date	Feb-2022

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Loan Repayment Schedule

S/N	Payment Date	Current Balance	Monthly Repayment	Interest Paid	Principal Paid	New Balance
S/N	Payment Date	Current Balance	Monthly Repayment	Interest Paid	Principal Paid	New Balance
1	Sep-2021	300,000.00	51,320.67	2,250.00	49,070.67	250,929.33
2	Oct-2021	250,929.33	51,320.67	1,881.97	49,438.70	201,490.63
3	Nov-2021	201,490.63	51,320.67	1,511.18	49,809.49	151,681.13
4	Dec-2021	151,681.13	51,320.67	1,137.61	50,183.06	101,498.07
5	Jan-2022	101,498.07	51,320.67	761.24	50,559.44	50,938.63
6	Feb-2022	50,938.63	51,320.67	382.04	50,938.63	0.00

Fields marked * are required.

NGN 203,000

NGN 332,000

NGN 557,000

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