Loan repayment

Loan
1 minute
0

Do you want to know how much money you’ll need to pay back on a loan? Use our easy loan repayment calculator to get an estimate.

Loan amount
$
Interest rate
%
Period
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    49 Number of calculations
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    EMI = P \times \frac{r(1+r)^n}{(1+r)^n - 1} Total Loan Repayment = Monthly Payment * n

     

    where:

    • EMI is the Equated Monthly Installment.
    • P is the principal amount of the loan.
    • r is the monthly interest rate (expressed as a decimal).
    • n is the total number of payments.

     

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