This calculator is used to calculate the Amortized Loan. You can use this calculator to calculate the periodic payment amount of loans like mortgages, housing loans, student loans, personal loans or auto loans.
Enter the required fields and press the Calculate Loan button to get the result.
This calculator is used to calculate the amortized loan repayment amount for each payment period. It also calculates the total amount to be repaid, interest amount and the effective annual percentage rate. This calculator uses compounding of interest for interest calculation. It also has an option to include down payment, extra fee and balloon payment at the end of the loan term.
There are several types of loans like personal loan, mortgage, student loan, auto loan, small business loan, etc... Based on the repayment method it can be further classified as amortized loan, deferred payment loan or bond. Amortized loan is one in which a fixed payment is paid periodically till it matures.
This formula is used for calculating repayment of loan amount per period.
Page Last Modified On: Aug 18, 2022