How to Use the Loan Repayment Calculator

This Loan Repayment Calculator helps you estimate your monthly loan payments based on the loan amount, interest rate, and repayment period.

Steps to Use:

1️⃣ Enter the Loan Amount – The total amount you plan to borrow.

2️⃣ Enter the Annual Interest Rate – The percentage charged by the lender.

3️⃣ Enter the Loan Term (in years) – The number of years you’ll take to repay the loan.

4️⃣ Click “Calculate” – The calculator will instantly display your monthly payment.

5️⃣ Click “Reset” – Clears all inputs to start over.

💡 Tip: Try adjusting the loan term or interest rate to see how it affects your monthly payments!