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Loan Payment Amount Calculator

Loan amount
Interest rate
Number of years
Rate of interest compounded
Please, Enter all values correctly.

Online calculator for calculating the amount of the monthly loan payment. The calculation of the monthly loan payment is carried out according to the annuity formula.

Formula of loan repayment

P = ( r * A ) / ( 1 – (1+r)-N)

  • P = Payment Amount
  • A = Loan Amount
  • r = r = Rate of Interest (compounded)
  • N = Number of Payments

Rate of Interest Compounded is

  • Monthly, r = i / 1200 and N = n * 12
  • Quarterly, r = i / 400 and N = n * 4
  • Half yearly, r = i / 200 and N = n * 2
  • Yearly, r = i / 100 and N = n

In 51 U.S. states are published

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