Loan payment amount
Need to know how much your loan payment will be each period? You can find the regular payment amount by using the calculator below. Simply enter the loan amount, the interest rate, and the term of the loan. You’ll get the regular payment amount.
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Number of calculations
where,
- P is the principal amount of the loan.
- A is the monthly payment amount.
- r is the monthly interest rate (expressed as a decimal).
- N is the total number of payments.
The rate of Interest Compounded is,
- Monthly, r = i / 1200 и N = n * 12
- Quarterly, r = i / 400 и N = n * 4
- Half-yearly, r = i / 200 и N = n * 2
- Yearly, r = i / 100 и N = n