LOAN REPAYMENT SETTINGS

P657

Choose answer type

STEP 1: MODE

INPUT A

SOLVE FOR

PAY

Choose answer needed

ROUNDING

2DP

Money format

PAYMENT

PAGE 1/14

LOAN VALUES

P657-2

Enter known values

STEP 2: VALUES

INPUT B

LOAN

£L

Amount borrowed

APR

%

Type 6 for 6%

TERM

MONTHS

Number of payments

PAYMENT

£/PAY

Used for term/APR

PAY/YR

12/YR

Frequency

EXTRA

£+E

Optional overpay

LOAN REPAYMENT RESULT

P657-3

Use PREVIOUS to edit values

STEP 3: ANSWER

READY

PAYMENT

RESULT

—

WORKING

—

WHAT THIS TOOL DOES

This loan repayment calculator estimates payments, total repaid, interest, term or APR.

It uses a fixed-rate amortised loan model for equal repayment estimates.

The first three screens separate mode, values and working to prevent overlap.

Canonical folder: /loan-repayment-calculator/

HOW TO USE IT

Choose the result you want on Page 1.

Enter loan amount, APR, term, frequency and optional extra payment on Page 2.

Use Page 3 for the answer and working.

Use PREVIOUS to edit values safely.

LOAN FORMULAS

PERIOD RATE

i = APR ÷ payments/year

APR is first converted to a decimal.

PAYMENT

PMT = L·i ÷ [1−(1+i)^−N]

This is the fixed repayment formula.

TOTAL REPAID

Total = payment × N

N is the number of payments.

INTEREST

Interest = total − loan

This estimates borrowing cost.

WORKED EXAMPLES

PAYMENT

£5000, 6%, 36 months

Estimated monthly payment is about £152.11.

TOTAL

£152.11 × 36

Total repaid is about £5475.96.

INTEREST

£5475.96 − £5000

Interest is about £475.96.

TERM CHECK

Payment must beat interest

Too-small payments show CHECK.

PAYMENT MODE

Payment mode estimates the regular repayment for a fixed-rate loan.

Enter loan amount, APR, term and payment frequency.

Monthly loans normally use 12 payments per year.

Extra payment adds a fixed overpayment to each payment.

TERM AND APR MODES

Term mode estimates how many payments are needed from loan, APR and payment.

APR mode estimates the annual rate that matches the payment and term.

Both are estimates and may differ from lender calculations.

Invalid or impossible inputs show CHECK rather than a false answer.

WHO USES IT

Borrowers use it to estimate repayments before comparing real offers.

Students use it for finance, percentage and repayment formula practice.

Budgeters use it to test monthly costs and total interest.

Teachers use it to demonstrate amortised loan calculations.

FAQ

What is APR? Annual percentage rate, typed as 6 for 6%.

Is this exact? No. It is an arithmetic estimate.

Are fees included? No. Add lender fees separately.

Can I overpay? Yes. Use the EXTRA box for each payment.

SEARCH INTENT

People may search for loan repayment calculator, monthly loan payment calculator or APR calculator.

Other searches include total loan interest, loan term calculator and overpayment estimate.

This page supports those tasks with a working calculator and clear formula pages.

SEO support text is split across full-size panels instead of cramped boxes.

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https://teletext-tools.com/loan-repayment-calculator/

BACK TO CALCULATOR

NEXT loops back to Page 1 so the loan repayment calculator is always close.

The tool is split into mode, values and result pages to avoid overlap.

Use the footer for HOME, INDEX, PREVIOUS and NEXT finance navigation.

This layout keeps the Teletext style while staying readable on mobile.