You can run multiple queries with this loan calculator tool.

If Java is unavailable on your platform, select 'Load Script' in the navigation menu above to display an alternative compatible version of the application.

Many people take out a bank or home loan without understanding their required repayments to pay off the loan. Some loan amounts are unable to be paid off as a result of accumulated interest because the repayment amounts are low. Other information about loans that may also be requested includes the total amount outstanding and the number of repayments required.

You can use the calculator to return this type of information by selecting from the options available. A brief descriptive text about the selected option will be displayed above. Fields not required for the selected calculation type will be disabled.

After filling the appropriate fields, click 'Calculate' to display the loan information.

DEFINITIONS:

Note that if the pay frequency is selected to monthly and the loan is for 25 years, the loan term will be 300 months (25 * 12)

Also note that the interest rate per year must be provided as a percentage and only digits and decimals are allowed in each field. Percentage and dollar signs must be excluded and a value is required to be entered for each appropriate field before results are displayed.

Loan Term - The duration period of the loan.
Interest Rate - The interest rate of the loan.
Payment Number - Number of times of the payment.
Loan Amount - The total amount of the loan taken out.
Payment Amount - The payment amount due every period.
Pay Frequency - How often the payments are made.