Loan calculator

Calculate monthly payments, total payment amount and create a detailed payment schedule for any loan

Loan parameters

Calculation results

Enter the loan parameters and click 'Calculate'

Loan calculator: calculation of payments, overpayments and repayment schedule

Types of loans

In the modern banking system, there are many types of loans, each of which is designed to solve specific financial problems:

Mortgage loan - long-term loan for the purchase of real estate secured by the purchased property
Car loan - loan for the purchase of a car with the possibility of using the vehicle as collateral
Consumer loan - non-targeted loan for any needs without providing collateral
Business loan - loan for business development and replenishment of working capital
Refinancing - refinancing to improve the terms of an existing loan

Types of interest rates

The interest rate is a key loan parameter that determines the cost of borrowed funds:

Fixed rate - remains unchanged for the entire loan term, ensuring predictability of payments
Floating rate - varies depending on the key rate of the Central Bank and market conditions
Mixed rate - fixed at the initial period, then becomes floating

Loan repayment schemes

The choice of repayment scheme affects the size of monthly payments and the total overpayment:

Annuity payments

equal monthly payments for the entire loan term

Advantages: budget stability, ease of expense planning

Differentiated payments

decreasing payments with a fixed part of the principal debt

Advantages: lower overall overpayment, faster repayment of the principal debt

Factors influencing loan terms

Banks take into account many factors when determining interest rates and loan terms:

Credit history and borrower rating
Income level and employment stability
Down payment amount
Loan term
Availability of collateral

Useful tips on lending

To obtain the most favorable loan conditions, it is recommended:

Compare offers from several banks
Consider early repayment
Assess the need for insurance
Consult financial experts

About the loan calculator

The loan calculator is a professional tool for calculating loan payments, overpayments and repayment schedules. Using our calculator you can calculate monthly payments, total overpayment, effective interest rate and choose the optimal repayment scheme.

How are loan payments calculated?

The calculation of loan payments depends on the chosen repayment scheme. There are two main types: annuity and differentiated payments.

Annuity payments are calculated using the formula: P = C × (r × (1 + r)^n) / ((1 + r)^n - 1), where P is the monthly payment, C is the loan amount, r is the monthly interest rate, n is the number of months.

Annuity payments are calculated using the formula: P = C × (r × (1 + r)^n) / ((1 + r)^n - 1), where P is the monthly payment, C is the loan amount, r is the monthly interest rate, n is the number of months.

Differentiated payments consist of a fixed part of the principal debt and a decreasing part of interest. Principal = C/n, interest = balance × r.

Differentiated payments consist of a fixed part of the principal debt and a decreasing part of interest. Principal = C/n, interest = balance × r.

Examples of calculations

Example of annuity payments

Loan 1,000,000 ₽ for 5 years at 12% per annum

Monthly payment = 1,000,000 × (0.01 × (1 + 0.01)^60) / ((1 + 0.01)^60 - 1) = 22,244 ₽

Total amount of payments: RUB 1,334,640

Overpayment: 334,640 ₽

Example of differentiated payments

Loan 1,000,000 ₽ for 5 years at 12% per annum

First payment: 16,667 + 10,000 = 26,667 ₽

Last payment: 16,667 + 167 = 16,834 ₽

Total amount of payments: 1,300,000 ₽

Overpayment: 300,000 ₽

Example of early repayment

Early repayment of 200,000 ₽ in 2 years

Savings on interest: 45,000 ₽

New term: 3 years 2 months

Basic functions of the calculator

Calculation of monthly payments for annuity and differentiated schemes

Detailed repayment schedule broken down by interest and principal

Accounting for additional payments and early repayment

Comparison of different types of loans and terms

Export results to CSV for further analysis

Calculation of the effective interest rate and total overpayment

Benefits of a loan calculator

Accurate calculation of monthly payments and total overpayment

Comparison of annuity and differentiated repayment schemes

Accounting for additional payments and early repayment

Detailed payment schedule broken down by interest and principal

Calculation of the effective interest rate

Export results to CSV for further analysis

Frequently Asked Questions

How to calculate the monthly loan payment?

The monthly payment is calculated using the annuity formula: P = C × (PS × (1 + PS)^n) / ((1 + PS)^n - 1), where C is the loan amount, PS is the monthly interest rate, n is the number of months.

What is the difference between annuity and differentiated payments?

Annuity payments are equal monthly payments for the entire term. Differentiated - decreasing payments with a fixed part of the principal debt. With differentiated payments, the total overpayment is less.

How does early repayment affect your loan?

Early repayment reduces the total overpayment and may shorten the loan term. With annuity payments, early repayment reduces the size of the next payment; with differentiated payments, it shortens the term.

What is the effective interest rate?

The effective interest rate (EIR) is the real cost of the loan, taking into account all fees and charges. It shows the true cost of borrowed funds.

How to choose the optimal repayment scheme?

Annuity payments are suitable if you have a stable income and a desire to plan a budget. Differentiated ones are more profitable if you have the opportunity to pay more at the beginning and want to minimize overpayment.

What factors influence the interest rate?

The rate is influenced by: credit history, income level, size of the down payment, loan term, availability of collateral, type of loan and the general state of the economy.