This calculator helps you to work out the monthly payments on a loan given the principal, interest rate, and the number of payments(in years). Interest is assumed to accrue at the end of each year. Payment amounts are assumed to be constant for the duration of the loan but also cater for any extra payments required.

Save the hustle and make instant decisions using this loan calculator to know the amount of each installment required per month and the total interest accrued. This asset will help you make better business decisions.