What makes this loan calculator advanced?

This version includes options for modelling one-off and recurring overpayments, showing interest saved and the reduction in loan term.

How do recurring overpayments work?

Recurring overpayments are additional monthly contributions towards your loan. They reduce your balance faster, saving interest and shortening the repayment period.

Can I compare scenarios?

Yes. Use this calculator to test different interest rates, loan terms, and overpayment strategies to compare outcomes and make informed decisions.

OPTIMLY Calculators | Personal Loan Advanced Repayment Calculator

CALCULATOR FEEDBACK

Loan inputs

START DATE:

TERM IN YEARS:

ANNUAL PERCENTAGE RATE (APR):

Advanced options

NUMBER OF PAYMENTS ALREADY MADE:

LOAN FEES:

COMPOUNDING FREQUENCY:

NOMINAL RATE:

Monthly payment