Personal Loan Payment Calculator
Key in your information to the respective fields given below: Loan Amount, Interest Rate (%), Loan Term (Months) and then click Calculate.
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Personal Loan Payment Calculator - Glossary:
Using our personal loan calculator, can help to estimate Monthly Payment, Total Interest, Total Principal and Total Loan Payments.
Loan Amount
The amount obtained initially with a principle agreement to repay the lender within a stipulated time period.
Interest Rate
Agreed Interest rate under the terms of loan agreement.
Loan Term (Months)
Agreed - Length of loan repayment.
Loan
A loan is the money lent by one party to another - commonly by financial entities like Bank, Co-operative Unions and in some cases approved licensed individual to lend an individual or a firm by obtaining a security or with good a faith.
Monthly Payment
Amortized fixed monthly payment consists of principal and interest to be paid over the entire loan term.
Total Principal Paid
Amount paid towards repayment of loan principal.
Total Interest Paid
Amount paid towards repayment of loan interest.
Total Payments
Total of interest and principal paid for the period of the loan term.