Formula
For a fixed-rate loan, monthly payment = principal x monthly rate / (1 - (1 + monthly rate)^-months). If APR is 0, the calculator divides the financed amount evenly across the months.
Bank Loan Repayment Calculator
Estimate a fixed monthly loan repayment, total paid over the term and the interest/fees cost.
How to use the result
Compare at least two terms. A longer term can reduce the monthly payment but increase the total interest. A shorter term can save interest but may be too tight for a real monthly budget.
Useful caution
This page estimates a simple fixed-rate repayment. Real offers can include arrangement fees, early repayment charges, payment holidays, variable rates and eligibility checks.