How this calculator works
Enter the values for loan amount, annual interest (%), tenure (years), extra monthly payment. The result applies the displayed method and rounds only for presentation.
Formula / method
The amortization loop applies monthly interest and subtracts the selected payment.
Worked example
Worked example: Loan amount = 25000; Annual interest (%) = 7; Tenure (years) = 5; Extra monthly payment = 50.
Assumptions and limitations
The inputs use the units shown and the displayed loan repayment calculator method applies to the situation being estimated.
This loan repayment calculator uses the stated formula and supplied units; unusual inputs, local rules or professional context can change the interpretation.
Informational only: this estimate is not financial advice. Actual rates, fees, taxes and lender or market terms may differ.