Loan Repayment Calculator

by Maishah Marsden May 8, 2024, 10:44 pm 438.6k Views

0share
Facebook
Twitter
Email
Pinterest

Facebook
Twitter
Email
Pinterest

This Loan Repayment calculator works out the monthly payments on a loan given the principal, interest rate and number of payments.

All you have to do is set the the sliders to your preference.

Interest is assumed to accrue at the end of each month. The monthly interest rate is calculated by dividing the annual interest rate by 12. Payment amounts are assumed to be constant for the duration of the loan.

Facebook
Twitter
Email
Pinterest

0share
Facebook
Twitter
Email
Pinterest

What do you think?

0 Points

Upvote Downvote

Written by Maishah Marsden

Maishah Marsden is the founder of ShopaXo (ShopInKenya.Com) and Maishah.Co.Ke . He is a top Kenyan blogger casually called by his peers as "Life'. If he is not writing your favorite articles, he is with his family. He loves sport and won't mind going on Safari anytime.

Currency Pairs Explained: Major, Minor, and Exotic Pairs

Mash Poa Online Booking: Your Ultimate Platform for Seamless Travel Experience in Kenya