💳Payment Calculator

Find the monthly payment for a fixed loan term, or work out how long it takes to pay off a loan at a fixed monthly payment.

Choose a mode and enter your loan details.

About the Payment Calculator

Use Fixed Term to find the monthly payment needed to clear a loan in a set number of years. Use Fixed Payment to see how long it takes to pay off a loan at a payment you choose. The payment must be larger than the monthly interest, otherwise the balance never reduces.