How loan payments are calculated
This calculator uses the standard amortisation formula: M = P × r ÷ (1 − (1 + r)−n), where P is the loan amount, r the monthly interest rate and n the number of monthly payments.
Use it for
Car loans, housing loans, personal and salary loans. Results are estimates; your lender's actual figures may include fees, insurance or a different interest method (e.g. add-on rates), so always check the official disclosure statement.