Simple Loan Instalment Total Interest Calculator

This calculator computes the monthly instalment and total interest from a loan given total loan amount, annual interest rate and period duration of loan. It is a good tool for you to check on a total interest and total principal and interest you will be paying incurred  for the given loan amount.

If you know the principal, period and monthly instalment, then you can guess and manipulate with the interest to give the monthly instalment amount and thus already captured the projected  interest amount.

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