PERSONAL LOAN CALCULATOR
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WARNING! Computation not approved by any loan provider company, for educational purposes only

Enter your data on the input box shown below.Then select Calculate.

Enter your Loan Amount in $

Estimated Interest rate %,

Simple Interest Rate is NOT equal to APR

Estimated Interest / year, in $

Estimated Total Payable in one (1) year , in $

Estimated Monthly Payment Payable in a year , in $

Estimated Bi-Weekly Payment Payable in a year , in $

Enter the quoted, Bi-Weekly Payment from loan provider

loan provider estimated simple interest rate %

Then enter this loan provider estimated simple interest rate on the Estimated Interest rate shown above to calculate your total interest payment in a year.

Formula Recall

interest payment, i = Loan Amount * simple interest rate

Total Payable = Loan Amount + interest payment

Calculated Monthly Payment = Total Payable/12 months

Calculated Bi-Weekly Payment = Total Payable/26 weeks