Borrowing Payment Calculator

Our borrowing repayment calculator provides you with a guide to how your repayment reduces your loan Principal and Interest Loan.
To calculate the repayment amount for a loan, you’ll need the loan amount, the interest rate, and the loan term. With this information, you can calculate the monthly repayment using the formula:

Monthly Repayment = P * r * ((1+r)n/((1+r)n -1)


P = Loan amount
r = Monthly interest rate (annual interest rate divided by 12)
n = Number of months in the loan term

Let’s say you have a loan amount of $10,000, an annual interest rate of 5%, and a loan term of 3 years (36 months).

First, we need to calculate the monthly interest rate:

r= Annual Interest Rate /(12 × 100) = 5 /(12 × 100) = 0.0041667

Now, we can plug in the values and calculate the monthly repayment:

Monthly Repayment= 10000*0.0041667*(1+0.0041667)36/((1+0.0041667)

​Using a calculator or spreadsheet software, you can compute the above expression to find the monthly repayment amount.

Please note that this is a simplified calculation, and there might be other factors such as fees or additional charges that could affect the actual repayment amount.

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Monthly Repayment

Total Interest / fee Payable

Total Payments

Loan Balance Chart

Loan Balance Table

Pmt No. Beginning Balance Payment Principal Interest Ending Balance Total Payments