Loan Calculator - The Calculator Site

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Loan Calculator
This loan repayment calculator allows you to calculate and break down monthly
repayment figures for a secured or unsecured loan. Choose the loan amount,
the annual interest rate (percentage), the number of years and an initial deposit
and end-of-term balloon payment, if applicable. If you're unsure of what a
balloon payment is, or want to know what formula the loan calculator is using,
please see the FAQ section at the bottom of the page.

Enter your loan repayment details...

Other

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Calculation results
Calculation Results
The calculation results for the loan calculator appear below. Please note that interest is calculated on a
monthly basis.
Initial deposit:

0.00

Loan payments:

40,689,072.72

Balloon payment at end:

0.00

Total payable:

40,689,072.72

36 monthly payments of:

1,130,252.02

Total interest:

10,689,072.72
Start date: January 31, 2014

Loan amount: 30,000,000.00

End date: January 31, 2017

Extra fees: 0.00

Interest Rate: 21%
Effective Annual Rate: 23.14%

Loan Repayments by Month

Month

Start Balance

Principal

Interest

Payment

30,000,000.00

605,252.02

525,000.00

1,130,252.02

29,394,747.98

615,843.93

514,408.09

1,130,252.02

28,778,904.05

626,621.20

503,630.82

1,130,252.02

28,152,282.85

637,587.07

492,664.95

1,130,252.02

27,514,695.78

648,744.84

481,507.18

1,130,252.02

26,865,950.94

660,097.88

470,154.14

1,130,252.02

26,205,853.06

671,649.59

458,602.43

1,130,252.02

25,534,203.47

683,403.46

446,848.56

1,130,252.02

24,850,800.01

695,363.02

434,889.00

1,130,252.02

10

24,155,436.99

707,531.87

422,720.15

1,130,252.02

11

23,447,905.11

719,913.68

410,338.34

1,130,252.02

12

22,727,991.43

732,512.17

397,739.85

1,130,252.02

13

21,995,479.26

745,331.13

384,920.89

1,130,252.02

14

21,250,148.13

758,374.43

371,877.59

1,130,252.02

15

20,491,773.70

771,645.98

358,606.04

1,130,252.02

16

19,720,127.72

785,149.78

345,102.24

1,130,252.02

17

18,934,977.94

798,889.91

331,362.11

1,130,252.02

18

18,136,088.03

812,870.48

317,381.54

1,130,252.02

19

17,323,217.55

827,095.71

303,156.31

1,130,252.02

20

16,496,121.84

841,569.89

288,682.13

1,130,252.02

21

15,654,551.95

856,297.36

273,954.66

1,130,252.02

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22

14,798,254.59

871,282.56

258,969.46

1,130,252.02

23

13,926,972.02

886,530.01

243,722.01

1,130,252.02

24

13,040,442.01

902,044.28

228,207.74

1,130,252.02

25

12,138,397.73

917,830.06

212,421.96

1,130,252.02

26

11,220,567.67

933,892.09

196,359.93

1,130,252.02

27

10,286,675.58

950,235.20

180,016.82

1,130,252.02

28

9,336,440.39

966,864.31

163,387.71

1,130,252.02

29

8,369,576.07

983,784.44

146,467.58

1,130,252.02

30

7,385,791.64

1,001,000.67

129,251.35

1,130,252.02

31

6,384,790.97

1,018,518.18

111,733.84

1,130,252.02

32

5,366,272.79

1,036,342.25

93,909.77

1,130,252.02

33

4,329,930.54

1,054,478.24

75,773.78

1,130,252.02

34

3,275,452.31

1,072,931.60

57,320.42

1,130,252.02

35

2,202,520.70

1,091,707.91

38,544.11

1,130,252.02

36

1,110,812.80

1,110,812.80

19,439.22

1,130,252.02

37

0.00

0.00

0.00

0.00

Graph 1 - Loan balance

40000000.00

others

30000000.00

20000000.00

10000000.00

0.00

10

13

16

19

22

25

28

31

34

37

months
Balance

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Graph 2 - Total interest and principal paid

40000000.00

others

30000000.00

20000000.00

10000000.00

0.00
1

3
2

5
4

7
6

9
8

11
10

13
12

15
14

17
16

19
18

21
20

23
22

25
24

27
26

29
28

31
30

33
32

35
34

36

months
Total Interest

Total Principal

Disclaimer
Whilst every effort has been made in building the loan repayment calculator tool, I am not to be
held liable for any special, incidental, indirect or consequential damages or monetary losses of
any kind arising out of or in connection with the use of the calculator tools and information
derived from the web site. This loan repayment calculator is here purely as a service to you,
please use it at your own risk.
The calculations given by the loan repayment calculator are only a guide. Please speak to an
independent financial advisor for professional guidance. Read the full disclaimer.

What is a secured loan?

A secured loan is a loan in which the borrower pledges an asset (e.g. a car or property) as
collateral for the loan.

What is an unsecured loan?

Unsecured loans are monetary loans that are not secured against the borrower's assets. These
often take the form of credit card debt, personal loans, bank overdrafts, credit facilities or
corporate bonds. You can find out more about the standard types of loan in our article, 5 of the
most common bank loans and how they work.

What is a balloon payment?

A balloon payment is a large, lump-sum payment made at the end of a long-term loan. It is

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commonly used in car finance loans as a way of reducing monthly repayment figures. Be aware
that once you reach the end of your loan period, that balloon amount becomes payable. More
information about balloon payments is available in our article, What is a balloon payment?

What is the effective annual rate?

The effective annual rate is the actual interest rate that you pay on a loan if the loan is affected
by compounding. This loan calculator compounds interest on a monthly basis. For information
on interest rates and APR, see our article What is APR?

What is the formula for this loan calculator?

This loan calculator uses the following formula to calculate loan figures:
Monthly payment = [rate + rate / ( (1+rate) ^ months -1) ] x principal loan amount
If you have any problems using this loan repayment calculator then please contact me.
| | | | | ARGH Enterprises Ltd - 2014

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