Debt & loans
Loan Payment Calculator
Loan Payment Calculator is free to use. Enter your figures below and the result updates as you type. Use it for planning; it is an estimate, not advice.
About the Loan Payment Calculator
Payment per period = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with r and n set for the chosen frequency.
Fortnightly payments reduce interest because the balance falls sooner.
How to use the Loan Payment Calculator
- Enter each figure in the boxes above, using the same currency and time units.
- The result updates as you type. Press Calculate to refresh it at any time.
- Change one figure at a time to see how much it moves the result.
Frequently asked questions
What is the Loan Payment Calculator used for?
Fortnightly payments reduce interest because the balance falls sooner.
How accurate is the Loan Payment Calculator?
It applies standard formulas to the figures you enter. Real results depend on actual rates, fees, taxes and timing, so treat the output as an estimate and confirm with your bank or adviser.
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