Payment and total cost
See periodic payment, principal repaid, fees and total interest.
Money & Markets
Free loan calculator with payments and amortization schedule
Calculate loan payments, total interest and remaining balance for monthly, six-monthly or annual payments. The amortization schedule shows how interest and principal change over the term.
✓ Local-first & transparent
Nominal: annual rate ÷ periods/year. Effective: periodic rate derived from the effective annual rate. The convention is explicit.
Features & benefits
Review payment, interest and principal together
A monthly payment is only one part of a loan. Review total interest, fees, remaining balance and extra repayments in one amortization schedule.
Nominal or effective basis
Choose the interest basis and understand how it changes the modelled periodic rate.
Model extra repayments
Add regular extra payments and see their effect on term and remaining balance.
Period-by-period schedule
Review interest, principal and balance through the final payment.
How it works
A clear workflow
Calculate loan payments, total interest and remaining balance for monthly, six-monthly or annual payments. The amortization schedule shows how interest and principal change over the term.
Practical example
Example: calculate a €25,000 loan at 5.9% nominal interest over five years with an additional €100 repayment each month.
Practical guide
Understand payments and the amortization path
Small changes to rate, term or extra repayments can materially change the total. Compare several realistic scenarios.
Common use cases
Estimate the regular payment produced by principal, interest and term.
See the interest generated over the modelled term.
Compare how additional payments change balance and duration.
Review interest, principal and remaining balance for every period.
Step by step
- 1
Enter the loan amount and annual interest rate.
- 2
Choose nominal or effective basis, term and payment frequency.
- 3
Add optional fees and extra repayments.
- 4
Run the calculation and review payments, totals and schedule.
Limits & transparency
Realistic expectations
This is a model, not a loan offer or financial advice. A lender may use different rounding, payment dates, fees, day-count methods and extra-repayment rules.
FAQ
Frequently asked questions
How does the loan calculator calculate the payment?
For an amortizing loan, it calculates a level periodic payment from principal, periodic interest and number of payments. Fees and extra repayments are handled separately.
What does the amortization schedule show?
Each period shows the payment, interest, principal repaid and remaining balance. The final payment may be smaller.
What is the difference between nominal and effective interest?
Nominal interest is divided by the payment frequency. For an effective annual rate, the tool derives a matching periodic rate. A real offer may include additional costs.
What do extra repayments change?
An additional payment reduces the balance sooner and may reduce the term and total interest, provided the agreement permits it.
Is the result a binding loan quote?
No. It is an illustrative calculator without underwriting, tax advice, financial advice or any guarantee. Review the specific lender agreement.
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