Our Loan Repayment Calculator helps you calculate how much your monthly repayments will be for any type of loan, whether it’s a home loan, car loan, or personal loan. By entering essential details such as the loan amount, interest rate, and loan term, this tool provides a clear estimate of your monthly payments, total interest, and overall costs. Use our home loan repayment calculator, personal loan repayment calculator, or car loan repayment calculator to plan your budget and make informed financial decisions before committing to a loan.
Our calculator is versatile and can be used as a home loan repayment calculator, personal loan repayment calculator, or car loan repayment calculator. Simply input the details specific to your loan type.
Your monthly repayment includes the interest on your loan as well as a portion of the principal (the original loan amount).
You can reduce your repayments by opting for a longer loan term, securing a lower interest rate, or making a larger upfront payment.
This calculator provides estimates for regular You can use our Extra Repayment Calculator to see how additional payments can shorten your loan term and reduce interest costs.
Yes, this calculator works for home loans, personal loans, and car loans. However, the results are estimates, and you should verify the details with your lender.
Example 1
For a $400,000 home loan at a 6% interest rate for 30 years with no monthly fees, your estimated monthly repayment will be $2,398.20. Over the life of the loan, you will pay a total of $463,353 in interest, bringing the total cost of the loan to $863,353.
For a $40,000 car loan at the same interest rate over 5 years, the monthly repayment would be approximately $773, with total interest payable of around $6,380.
For a $20,000 personal loan at a 10% interest rate over 3 years, your monthly repayment would be $645, with total interest payable of about $3,217.
Please note: The results provided by this calculator are estimates only and should be used for informational purposes. Always consult with a financial expert before making any decisions based on the results.
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