Calculate your loan interest in seconds, for anyone
Choose a repayment type and enter your numbers for an instant result
Choose a repayment type and enter your numbers for an instant result
| Month | Payment | Principal | Interest | Balance |
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| Method | Principal Repaid | Interest Paid | Total Payment |
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Answer a couple of quick questions and we'll recommend the best repayment method for you
Right after taking the loan, do you plan to repay part of the principal along with the interest?
Would you prefer your monthly payment to stay the same from start to finish?
Do you need to pay interest only for a while before repaying the principal?
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Products are ordered left to right from the lowest total interest to the highest. If you can spare the room, the products on the left are better; if you can't afford to repay principal right away, consider the ones on the right.
You repay the same amount of principal every month, so the interest, calculated on the remaining balance, keeps shrinking.
Lowest total interest of all methods, and the burden eases over time, making it the most economical choice.
Initial payments are noticeably higher than other products.
The monthly payment, principal plus interest combined, stays the same throughout the loan, though the mix shifts over time.
Easy to manage since the monthly payment never changes, and you pay less interest than a bullet repayment.
Repaying the balance early doesn't save much, since a large share of the principal is left for later.
You pay interest only for an initial period, then switch to Equal Principal & Interest for the rest of the term.
The lightest burden early on, and still less interest overall than a bullet repayment.
You'll pay more interest overall than Equal Principal or Equal Principal & Interest.
You pay only interest every month, then repay the entire principal in one lump sum at maturity.
The lowest possible monthly burden of any method, right up until maturity.
You pay the most interest overall, and the lump sum due at maturity can be a heavy burden.
Enter deposit or installment savings terms to see maturity amount and interest instantly
Tax assumes 15.4% on interest (14% income tax + 1.4% local tax). Actual rates and tax-free eligibility depend on the product and your situation.
| Month (mo.) | Payment | Principal | Interest | Balance |
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| Month (mo.) | Payment | Principal | Interest | Balance |
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