Loan Calculator

This calculator answers key questions about the cost of borrowing, in a variety of ways.

To use this calculator you must leave one box empty. For example, to find out what your payment will be on a loan, enter the loan amount (principal), how long you will take to pay the loan back (the term), the interest rate, and how often you will make repayments. Click calculate to find out what your payments will be. If you are calculating a typical consumer loan, you can leave the "how often the loan compounds" field set at monthly.

Loan amount (principal)
Time you will take to repay the loan (the term)	Months Years
Interest rate. Choose a value from the drop down list or enter one in the text box	2.00 3.00 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 9.50 9.75 10.00 11.00 12.00 13.00 14.00
How often the loan compounds	Annually Semi-annually Quarterly Monthly
How frequently will you make repayments?	Annually Semi-annually Quarterly Monthly Semi-monthly Bi-weekly Weekly
Amount of each payment