Finance Calculators

Loan Repayment Calculator – Plan Your Loan Payoff

Calculate your loan repayment schedule. See how long it takes to pay off a loan and how extra payments save on interest.

Loan Amount

৳

Annual Interest Rate (%)

Monthly Payment

৳

Loan Repayment Calculator Formula

Months to Payoff = log(PMT / (PMT − P×r)) / log(1+r)

Where:

- PMT = Monthly payment

- P = Loan principal

- r = Monthly interest rate

Loan: ৳2,340,000.00, Rate: 6%, Monthly Payment: ৳46,800.00

Monthly Rate = 0.5%

Months = log(400/(400-100))/log(1.005) = 58 months (~4y 10m)

Total Interest: ৳374,400.00

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