YourFinanceCoach

Loan repayment calculator

Work out the repayment on any amortising loan, and what paying extra each period saves in time and interest.

Repayments made

Added to the amount borrowed.

Repayment every month

$500.95

$5,056.96 of interest over the life of the loan.

Total repaid
$30,056.96
Total interest
$5,056.96
Amount financed
$25,000.00

Including any upfront fee.

Number of payments
60
Full amortisation schedule (60 payments)
Interest, principal and balance for each repayment
#PaymentInterestPrincipalBalance
1$500.95$156.25$344.70$24,655.30
2$500.95$154.10$346.85$24,308.45
3$500.95$151.93$349.02$23,959.43
4$500.95$149.75$351.20$23,608.23
5$500.95$147.55$353.40$23,254.83
6$500.95$145.34$355.61$22,899.22
7$500.95$143.12$357.83$22,541.39
8$500.95$140.88$360.07$22,181.32
9$500.95$138.63$362.32$21,819.00
10$500.95$136.37$364.58$21,454.42
11$500.95$134.09$366.86$21,087.56
12$500.95$131.80$369.15$20,718.41
13$500.95$129.49$371.46$20,346.95
14$500.95$127.17$373.78$19,973.17
15$500.95$124.83$376.12$19,597.05
16$500.95$122.48$378.47$19,218.58
17$500.95$120.12$380.83$18,837.75
18$500.95$117.74$383.21$18,454.54
19$500.95$115.34$385.61$18,068.93
20$500.95$112.93$388.02$17,680.91
21$500.95$110.51$390.44$17,290.47
22$500.95$108.07$392.88$16,897.59
23$500.95$105.61$395.34$16,502.25
24$500.95$103.14$397.81$16,104.44
25$500.95$100.65$400.30$15,704.14
26$500.95$98.15$402.80$15,301.34
27$500.95$95.63$405.32$14,896.02
28$500.95$93.10$407.85$14,488.17
29$500.95$90.55$410.40$14,077.77
30$500.95$87.99$412.96$13,664.81
31$500.95$85.41$415.54$13,249.27
32$500.95$82.81$418.14$12,831.13
33$500.95$80.19$420.76$12,410.37
34$500.95$77.56$423.39$11,986.98
35$500.95$74.92$426.03$11,560.95
36$500.95$72.26$428.69$11,132.26
37$500.95$69.58$431.37$10,700.89
38$500.95$66.88$434.07$10,266.82
39$500.95$64.17$436.78$9,830.04
40$500.95$61.44$439.51$9,390.53
41$500.95$58.69$442.26$8,948.27
42$500.95$55.93$445.02$8,503.25
43$500.95$53.15$447.80$8,055.45
44$500.95$50.35$450.60$7,604.85
45$500.95$47.53$453.42$7,151.43
46$500.95$44.70$456.25$6,695.18
47$500.95$41.84$459.11$6,236.07
48$500.95$38.98$461.97$5,774.10
49$500.95$36.09$464.86$5,309.24
50$500.95$33.18$467.77$4,841.47
51$500.95$30.26$470.69$4,370.78
52$500.95$27.32$473.63$3,897.15
53$500.95$24.36$476.59$3,420.56
54$500.95$21.38$479.57$2,940.99
55$500.95$18.38$482.57$2,458.42
56$500.95$15.37$485.58$1,972.84
57$500.95$12.33$488.62$1,484.22
58$500.95$9.28$491.67$992.55
59$500.95$6.20$494.75$497.80
60$500.91$3.11$497.80$0.00

Assumes a fixed rate and repayments made on schedule. Early-repayment charges are not modelled — check whether your lender applies one before overpaying.

How this is worked out

PMT = P × i ÷ (1 − (1 + i)^−n)

What this assumes

A calculator is only as good as what it leaves out. These are the assumptions built into the result above.

  • The rate is fixed for the full term.
  • Repayments are equal and made on schedule.
  • Any upfront fee entered is added to the amount borrowed.
  • Early-repayment charges are not modelled — check whether your lender applies one before overpaying.

Educational information only. This page explains how something works in the Australia. It is not financial advice and does not take account of your circumstances. Rates, fees and eligibility change without notice — check the provider’s own terms before you act.

For free, impartial guidance, see Moneysmart (ASIC). To complain about a firm, contact the Australian Financial Complaints Authority.

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