Loan calculator
Know three of the four numbers in a loan? This finds the fourth: the payment, the amount, the rate or the time it takes.
Zo wordt het berekend
- Rentepercentage
- Formula
- With your numbers
Waar je betalingen heen gaan
Aflossing en rente in elk jaar van de lening. In het begin is het grootste deel van elke termijn rente.
- Aflossing
- Rente
Aflossingsschema
Four numbers, one relationship
Every fixed-rate loan ties together the amount borrowed, the interest rate, the number of payments and the payment itself. Change any one and at least one other has to move: a longer term lowers the payment, and a lower rate lets the same payment support a bigger loan.
Veelgestelde vragen
How is a loan payment calculated?
For a fixed-rate loan paid monthly, the payment is P × r ÷ (1 − (1 + r)−n), where P is the amount borrowed, r is the annual rate divided by 12, and n is the number of monthly payments. The worked solution fills in your numbers.
Can I work out the interest rate from my payment?
Yes. Choose “Interest rate”, then enter the amount, the payment and the term. There is no direct formula for the rate, so the calculator narrows it down numerically until the payment matches to a fraction of a cent.
Is APR the same as the interest rate?
Not quite. APR includes certain fees spread over the loan, so it is usually a little higher than the note rate. Use the APR when comparing offers.