Payment Calculator

The Payment Calculator can determine the monthly payment amount or loan term for a fixed interest loan. Use the “Fixed Term” tab to calculate the monthly payment of a fixed-term loan. Use the “Fixed Payments” tab to calculate the time to pay off a loan with a fixed monthly payment.

Payment Calculator

Payment Calculator

A loan is a contract between a borrower and a lender in which the borrower receives an amount of money (principal) that they are obligated to pay back in the future. Loans can be customized based on various factors.