Calculator
Loan Payment Calculator
See the monthly payment, the total paid, and how much of that is interest.
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How to calculate a loan payment
- Enter the amount you borrow.
- Enter the yearly interest rate and the term in months.
- Click Calculate and read the monthly payment and the interest.
The payment uses a fixed monthly rate. An amount of 100000 at 12% for 12 months is 8884.88 a month. A rate of zero divides the amount by the number of months.
Frequently asked questions
Is the rate yearly or monthly?
Enter the yearly rate. The calculator divides it by 12 before working out the payment.
Are the numbers uploaded?
No. The calculation runs in your browser.
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