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.

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Loan Calculator

SEE ALSO: Pension Calculator | Income Tax Calculator | Salary Calculator | Mortgage Calculator | VAT 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	Dec-2023
Last Payment Date	May-2024

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	Dec-2023	300,000.00	51,320.67	2,250.00	49,070.67	250,929.33
2	Jan-2024	250,929.33	51,320.67	1,881.97	49,438.70	201,490.63
3	Feb-2024	201,490.63	51,320.67	1,511.18	49,809.49	151,681.13
4	Mar-2024	151,681.13	51,320.67	1,137.61	50,183.06	101,498.07
5	Apr-2024	101,498.07	51,320.67	761.24	50,559.44	50,938.63
6	May-2024	50,938.63	51,320.67	382.04	50,938.63	0.00

Red * indicates required input.

Turbo HRMS

Ready to streamline your HR processes and turbo charge productivity?