Loan Amortisation
A loan is money lent on a condition it is repaid, either in installments or less commonly all at once, on agreed dates and usually that the borrower pays the lender an agreed fee which is usually a percentage of the loan (unless it is an interest free loan), this fee is referred to as interest rate, the term of repayment is know as amortisation.
Many kinds of amortisations schedules exist
- Straight line (linear)
- Bullet (One payment)
- Annuity
- Declining balance
- Negative amortisation (Increasing balance )
Negative amortisation occurs whenever the loan payment for the agreed period is less than the interest charge for that time, this means that the outstanding balance of the loan increases over time
This Loan amortisation calculator, calculates your monthly repayments as well as showing you what the balance of your loan will be at the end of each month. It will also show you how much principal and how much interest you are paying with each repayment. (the calculator results will open in a new window). Please note that it may not work in some older versions of Netscape.
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Disclaimer:
Using this Loan Amortisation Calculator is free. Whilst every effort has been made to ensure the accuracy of this Loan Amortisation Calculator you choose to use it and rely on any results at your own risk. We will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using this Loan Amortisation Calculator. We have no intentions of requesting a share of any profits you may make as a result of using this Loan Amortisation Calculator