FINANCE TOOL

Loan Installment Calculator

Estimate a fixed monthly payment for a loan with a fixed annual interest rate.

Loan amountAnnual interest rate (%)Loan term (years)

—Monthly installment

—Total repayment

—Total interest

How this loan calculator works

This calculator estimates equal monthly payments using the loan principal, annual interest rate and loan term. It assumes the interest rate remains fixed and payments are made monthly.

Important note

This is an estimate, not a bank offer. Actual installments may include fees, insurance, taxes or different interest calculations. Contact your lender for a formal repayment schedule before taking a loan.