Loan Calculator

LoanCalc enables you to calculate payments for a loan using loan amount, rate, and loan period. Default compounding is set to monthly. Check the difference when you change compounding to daily, quarterly, half-yearly, or yearly.

The default setting is to calculate monthly payments. You can select other options: Loan Amount, Interest Rate, Term, or Monthly Payment. LoanCalc will calculate the selected option if the other three inputs are provided.

Reset button gives you the flexibility to clean up current input values.

We have not restricted the input data to specific range values so that you can try out different numbers. However, the upper limit is restricted to 15 digits which should be enough to serve your purpose. Due to this flexibility, you may sometimes get invalid results. In such cases, change your input data to a more logical value and try to calculate again.

Amortization
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To keep the results manageable, the amortization result is restricted to 600 periods. Because of size limitation, amortization is not provided for Daily compounding.