Calculate the monthly payment and total cost of a business loan.
Start with your values, or try a preset.
Enter Loan Amount, Annual Interest Rate, and Loan Term (Years) in the units shown.
Read Number of Payments, Monthly Interest Rate, Monthly Payment, Total Payment, and Total Interest Paid in the results panel. Results update as you change the inputs.
Choose a preset to load an example, then adjust the values for your situation.
See the inputs and their calculated results.
Loan Amount: 25,000 USD; Annual Interest Rate: 5 %; Loan Term (Years): 3 years
Number of Payments: 36; Monthly Interest Rate: 0.004166666667; Monthly Payment: 749.2724276 USD; Total Payment: 26,973.80739 USD; Total Interest Paid: 1,973.807394 USD
Loan Amount: 50,000 USD; Annual Interest Rate: 6 %; Loan Term (Years): 5 years
Number of Payments: 60; Monthly Interest Rate: 0.005; Monthly Payment: 966.6400765 USD; Total Payment: 57,998.40459 USD; Total Interest Paid: 7,998.404588 USD
Loan Amount: 100,000 USD; Annual Interest Rate: 7 %; Loan Term (Years): 7 years
Number of Payments: 84; Monthly Interest Rate: 0.005833333333; Monthly Payment: 1,509.267998 USD; Total Payment: 126,778.5119 USD; Total Interest Paid: 26,778.51185 USD
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