How to use

Calculate your loan payment in three quick steps.

1. Enter the loan amount

Type in the total amount you are borrowing (the principal).

2. Enter the annual interest rate

Input the annual percentage rate (APR) quoted by your lender.

3. Enter the loan term

Specify the repayment period in years and click Calculate to see your monthly payment.

FAQs

What formula does the Payment Calculator use?

It uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly interest rate, and n is the total number of payments.

How is a monthly payment different from a loan amount?

The loan amount is what you borrow upfront. The monthly payment is the fixed amount you repay each period to fully pay off the loan—including both principal and interest—by the end of the term.

What happens if my interest rate is 0%?

With a 0% interest rate the monthly payment is simply the loan amount divided by the number of payments, so you pay back exactly what you borrowed with no interest charges.

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Calculadora de Pago

Resumen

Calcula fácilmente tu pago periódico de préstamo a partir del capital, la tasa de interés y el plazo del préstamo.

La Calculadora de Pago resuelve el pago periódico (mensual) a partir de un monto de préstamo, una tasa de interés anual y un plazo. Ingresa los tres parámetros y obtén instantáneamente tu pago mensual, el monto total pagado y los intereses totales.

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