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

 
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₦
%
years

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-2022
Last Payment Date May-2023

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-2022 300,000.00 51,320.67 2,250.00 49,070.67 250,929.33
2 Jan-2023 250,929.33 51,320.67 1,881.97 49,438.70 201,490.63
3 Feb-2023 201,490.63 51,320.67 1,511.18 49,809.49 151,681.13
4 Mar-2023 151,681.13 51,320.67 1,137.61 50,183.06 101,498.07
5 Apr-2023 101,498.07 51,320.67 761.24 50,559.44 50,938.63
6 May-2023 50,938.63 51,320.67 382.04 50,938.63 0.00
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