Loan Repayment Calculators
When you think about getting a loan it is important to know how you must repay the loan and how much the loan will cost you in total. This page provides two free calculators that can help you with answering these questions:
Select the calculator you want, then enter or select the values. Calculations will be done immediately. A payment table will be shown together with the total payment and total interest to pay. You can choose to create either a monthly or annual payment overview.
Notes about the Pay Off Period Calculator
Please be aware that the entered periodic payment amount (installment) should be high enough to repay the loan. When you choose a very low periodic payment amount, it might be that the interest to pay for the period is higher than the payment. In that case, you will not be able to pay off/repay the loan at all.
For example: when the payoff amount is $5,000, and the interest rate per year is 10%, the interest in the first year ofter getting loan will be $500. So, when you want to pay off annually with $100, you won't be paying off at all. You will only pay a part of the interest of that year. So you have to repay at least more than than the initial interest of the first period. As a consequence, this means the higher the interest rate is, the higher the minimal periodic payment amount should be in order to pay off the loan.