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. It's good to count your cost.

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 Jun-2021
Last Payment Date May-2023
 

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 Jun-2021 100,000.00 4,540.99 700.00 3,840.99 96,159.01
2 Jul-2021 96,159.01 4,540.99 673.11 3,867.88 92,291.12
3 Aug-2021 92,291.12 4,540.99 646.04 3,894.96 88,396.17
4 Sep-2021 88,396.17 4,540.99 618.77 3,922.22 84,473.95
5 Oct-2021 84,473.95 4,540.99 591.32 3,949.68 80,524.27
6 Nov-2021 80,524.27 4,540.99 563.67 3,977.32 76,546.95
7 Dec-2021 76,546.95 4,540.99 535.83 4,005.17 72,541.78
8 Jan-2022 72,541.78 4,540.99 507.79 4,033.20 68,508.58
9 Feb-2022 68,508.58 4,540.99 479.56 4,061.43 64,447.14
10 Mar-2022 64,447.14 4,540.99 451.13 4,089.86 60,357.28
11 Apr-2022 60,357.28 4,540.99 422.50 4,118.49 56,238.79
12 May-2022 56,238.79 4,540.99 393.67 4,147.32 52,091.46
13 Jun-2022 52,091.46 4,540.99 364.64 4,176.35 47,915.11
14 Jul-2022 47,915.11 4,540.99 335.41 4,205.59 43,709.52
15 Aug-2022 43,709.52 4,540.99 305.97 4,235.03 39,474.49
16 Sep-2022 39,474.49 4,540.99 276.32 4,264.67 35,209.82
17 Oct-2022 35,209.82 4,540.99 246.47 4,294.53 30,915.29
18 Nov-2022 30,915.29 4,540.99 216.41 4,324.59 26,590.71
19 Dec-2022 26,590.71 4,540.99 186.13 4,354.86 22,235.85
20 Jan-2023 22,235.85 4,540.99 155.65 4,385.34 17,850.50
21 Feb-2023 17,850.50 4,540.99 124.95 4,416.04 13,434.46
22 Mar-2023 13,434.46 4,540.99 94.04 4,446.95 8,987.51
23 Apr-2023 8,987.51 4,540.99 62.91 4,478.08 4,509.43
24 May-2023 4,509.43 4,540.99 31.57 4,509.43 0.00
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