Understand the estimate
How this loan calculator works
For an amortised reducing-balance loan, the calculator converts the stated rate to the selected repayment period and computes a level installment. Interest is charged on the outstanding principal, so the interest portion falls while the principal portion rises.
For a flat-rate loan, total interest is estimated from the original principal for the full term. Principal and that interest are then divided across the selected number of repayments.
Why a lender’s schedule may differ
Actual results can differ because of fees, insurance, taxes, changing rates, exact-day calculations, business-day rules, grace periods, rounding, payroll dates or a different reducing-balance structure. Compare this estimate with the lender’s written offer and official schedule.
This calculator is not a loan offer, lending decision or guarantee of approval. It does not collect or permanently store your inputs. A shareable URL contains only the figures you choose to place in it.