Personal finance
Loan payment
Estimate a fixed monthly payment and total interest.
Your result
Monthly payment
299.71
Total interest789.52
Total repaid10,789.52
Rounded for display. See method below.How it works
For monthly rate r and n payments: payment = P × r ÷ (1 − (1+r)⁻ⁿ). At 0%: P ÷ n.
What to keep in mind
Illustrative fixed-rate estimate, with monthly payments in arrears. Fees, insurance and taxes are excluded. This is not an APR or a lending offer.
Worked example
Loan amount: 10000; Annual nominal interest (%): 5; Number of monthly payments: 36.
Monthly payment: 299.71 · Total interest: 789.52 · Total repaid: 10,789.52.
Common questions
Is the rate an APR?
No. Enter a nominal annual interest rate. Fees and insurance are not included.