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 | 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	Jun-2022
Last Payment Date	Nov-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	Jun-2022	300,000.00	51,320.67	2,250.00	49,070.67	250,929.33
2	Jul-2022	250,929.33	51,320.67	1,881.97	49,438.70	201,490.63
3	Aug-2022	201,490.63	51,320.67	1,511.18	49,809.49	151,681.13
4	Sep-2022	151,681.13	51,320.67	1,137.61	50,183.06	101,498.07
5	Oct-2022	101,498.07	51,320.67	761.24	50,559.44	50,938.63
6	Nov-2022	50,938.63	51,320.67	382.04	50,938.63	0.00

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NGN 203,000

NGN 332,000

NGN 557,000

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