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Calculators » Finance » Early Loan Repayment
Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can calculate your savings, both interest and no. of payments for fixed rate loans on early repayment.
Android: Use this loan calculator offline with our all-in-one calculator app.
You can save on interest payment and loan tenure by extra payment or pre-payment on your loan.
The calculations on this page is based on the mortgage formula shown below:
P = principal amount borrowed,
c = periodic payment,
r = monthly interest rate, express as decimal (annual interest rate in % divided by 12, and divided by 100)
N = loan term in months