How are personal loan repayments calculated?

Repayments are typically fixed monthly payments that include interest and principal. This calculator helps you see how those payments are structured and how long it will take to repay your loan.

How do overpayments affect a loan?

Overpayments reduce the outstanding loan balance, which lowers future interest charges and can shorten the total loan term.

Is this calculator free to use?

Yes. All Optimly calculators are completely free and do not require registration.

OPTIMLY Calculators | Personal Loan 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