This is a simple loan calculator used to calculate the periodic payment amount with some basic inputs.
This calculator does not have the options to include down payment, extra fee, balloon payment or changing the compounding period in loan calculation. For such details you can use our Advanced Loan Calculator.
Enter the required fields and press the Calculate Loan button to get the result.
This calculator is used to calculate a simple 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.
This calculator does not have the options to include down payment, extra fee and balloon payment. For such details you can use the Amortized Loan Calculator.
This calculator uses compounding of interest for interest calculation. Based on the compounding of interest, compounding period and the loan period we can find the repayment of loan amount per period.
Page Last Modified On: Aug 12, 2022