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

 
SEE ALSO:   Pension Calculator   |  Tax Calculator  |  Salary Calculator  |  Mortgage 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
First Payment Date May-2020
Last Payment Date Apr-2022
 

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 May-2020 100,000.00 4,540.99 700.00 3,840.99 96,159.01
2 Jun-2020 96,159.01 4,540.99 673.11 3,867.88 92,291.12
3 Jul-2020 92,291.12 4,540.99 646.04 3,894.96 88,396.17
4 Aug-2020 88,396.17 4,540.99 618.77 3,922.22 84,473.95
5 Sep-2020 84,473.95 4,540.99 591.32 3,949.68 80,524.27
6 Oct-2020 80,524.27 4,540.99 563.67 3,977.32 76,546.95
7 Nov-2020 76,546.95 4,540.99 535.83 4,005.17 72,541.78
8 Dec-2020 72,541.78 4,540.99 507.79 4,033.20 68,508.58
9 Jan-2021 68,508.58 4,540.99 479.56 4,061.43 64,447.14
10 Feb-2021 64,447.14 4,540.99 451.13 4,089.86 60,357.28
11 Mar-2021 60,357.28 4,540.99 422.50 4,118.49 56,238.79
12 Apr-2021 56,238.79 4,540.99 393.67 4,147.32 52,091.46
13 May-2021 52,091.46 4,540.99 364.64 4,176.35 47,915.11
14 Jun-2021 47,915.11 4,540.99 335.41 4,205.59 43,709.52
15 Jul-2021 43,709.52 4,540.99 305.97 4,235.03 39,474.49
16 Aug-2021 39,474.49 4,540.99 276.32 4,264.67 35,209.82
17 Sep-2021 35,209.82 4,540.99 246.47 4,294.53 30,915.29
18 Oct-2021 30,915.29 4,540.99 216.41 4,324.59 26,590.71
19 Nov-2021 26,590.71 4,540.99 186.13 4,354.86 22,235.85
20 Dec-2021 22,235.85 4,540.99 155.65 4,385.34 17,850.50
21 Jan-2022 17,850.50 4,540.99 124.95 4,416.04 13,434.46
22 Feb-2022 13,434.46 4,540.99 94.04 4,446.95 8,987.51
23 Mar-2022 8,987.51 4,540.99 62.91 4,478.08 4,509.43
24 Apr-2022 4,509.43 4,540.99 31.57 4,509.43 0.00
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