Loan Calculation

Enter the total loan, interest rates (enter 0 for the year irrelevant) and loan period, then press calculate

Loan Amount:
Annual Interest Rate in Year 1:	%
Annual Interest Rate in Year 2:	%
Annual Interest Rate in Year 3:	%
Annual Interest Rate in Year 4:	%
Annual Interest Rate in Year 5:	%
Annual Interest Rate from Year 6:	%
Loan Period:	Years

Monthly Payment for Year 1:
Monthly Payment for Year 2:
Monthly Payment for Year 3:
Monthly Payment for Year 4:
Monthly Payment for Year 5:
Monthly Payment since Year 6:
Total Interests:

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Notes

The calculation is based on monthly balance interest, and follows the formula: M = P/[q(1-[1+(i/q)]^(-qn))] where P=loan; i=interest rate; q=no of period per-year (i.e.12); n=no. of years; ^ denotes power.

Different banks may use different formulas for interest calculation.