Loan payment calculator
The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values. Description Data Entry Loan Amount Loan Length in Months Interest Rate Monthly Payment Calculated Enter only numeric values (no commas), using decimal points where needed. Non-numeric values will cause errors.