Loan Calculator
Calculate monthly repayments, total cost, and interest for any loan or mortgage.
How to Use the Loan Calculator
Enter your loan amount, annual interest rate, and repayment term, then click Calculate. The loan calculator shows your monthly payment, total amount repaid, and total interest charged. An annual schedule shows how the balance reduces each year.
Equal Instalment (Annuity Method)
Each monthly payment is the same throughout the loan term. This is the most common method for mortgages and personal loans. It makes budgeting straightforward.
Equal Principal Method
The same amount of principal is repaid each month. Early payments are higher (because interest on the full balance is larger), but they decrease over time. Total interest paid is less than with the equal instalment method.
Important Disclaimer
These calculations are estimates for planning purposes only. Your actual loan repayments may vary due to arrangement fees, mortgage insurance, rounding conventions, or variable interest rates. Always verify with your lender or financial adviser.