Does this tool upload my data?

No. The calculation runs locally in your browser.

Can I use the result in professional work?

Use it as a checked working estimate. Confirm source data, units, dates and business rules before relying on it.

Why might Excel show a different result?

Differences usually come from rounding, date systems, percentage formatting or different assumptions.

Can I bookmark this page?

Yes. The URL is stable, but values are not saved after you leave the page.

Finance · Use the tool

Loan payment calculator

Loan payment calculator. A practical browser-based utility for quick checks, planning and clearer work. Enter the requested values, review the result and keep the assumptions with your record.

✓ Your values stay in this browser. Nothing is uploaded.

FormulaP × r(1+r)^n ÷ ((1+r)^n−1)Worked example

20,000 at 6% for 5 years → about 386.66/month

How to use it

A practical browser-based utility for quick checks, planning and clearer work. Enter the requested values, review the result and keep the assumptions with your record.

Enter the source values carefully.
Select any required options and run the calculation.
Review the result, formula and worked example before using it in a decision.

Formula

The method used by this tool is P × r(1+r)^n ÷ ((1+r)^n−1). Keep the source values and units with the result so another person can reproduce the calculation.

Worked example

20,000 at 6% for 5 years → about 386.66/month. This example demonstrates the sequence; your result depends on the values and options you enter.

Excel guidance

Use this workbook approach: =PMT(B2/12,C2*12,-A2). Format percentage results as Percentage, dates as dates, and financial values with the correct currency. Avoid rounding intermediate steps.