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

 
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₦
%
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
First Payment Date Oct-2019
Last Payment Date Sep-2021
 

Loan Repayment 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 Oct-2019 100,000.00 4,540.99 700.00 3,840.99 96,159.01
2 Nov-2019 96,159.01 4,540.99 673.11 3,867.88 92,291.12
3 Dec-2019 92,291.12 4,540.99 646.04 3,894.96 88,396.17
4 Jan-2020 88,396.17 4,540.99 618.77 3,922.22 84,473.95
5 Feb-2020 84,473.95 4,540.99 591.32 3,949.68 80,524.27
6 Mar-2020 80,524.27 4,540.99 563.67 3,977.32 76,546.95
7 Apr-2020 76,546.95 4,540.99 535.83 4,005.17 72,541.78
8 May-2020 72,541.78 4,540.99 507.79 4,033.20 68,508.58
9 Jun-2020 68,508.58 4,540.99 479.56 4,061.43 64,447.14
10 Jul-2020 64,447.14 4,540.99 451.13 4,089.86 60,357.28
11 Aug-2020 60,357.28 4,540.99 422.50 4,118.49 56,238.79
12 Sep-2020 56,238.79 4,540.99 393.67 4,147.32 52,091.46
13 Oct-2020 52,091.46 4,540.99 364.64 4,176.35 47,915.11
14 Nov-2020 47,915.11 4,540.99 335.41 4,205.59 43,709.52
15 Dec-2020 43,709.52 4,540.99 305.97 4,235.03 39,474.49
16 Jan-2021 39,474.49 4,540.99 276.32 4,264.67 35,209.82
17 Feb-2021 35,209.82 4,540.99 246.47 4,294.53 30,915.29
18 Mar-2021 30,915.29 4,540.99 216.41 4,324.59 26,590.71
19 Apr-2021 26,590.71 4,540.99 186.13 4,354.86 22,235.85
20 May-2021 22,235.85 4,540.99 155.65 4,385.34 17,850.50
21 Jun-2021 17,850.50 4,540.99 124.95 4,416.04 13,434.46
22 Jul-2021 13,434.46 4,540.99 94.04 4,446.95 8,987.51
23 Aug-2021 8,987.51 4,540.99 62.91 4,478.08 4,509.43
24 Sep-2021 4,509.43 4,540.99 31.57 4,509.43 0.00
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