Loan Repayment Calculator



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Period Payment Interest Balance

Calculator Disclaimer

The information which you calculate from this Calculator is intended for use by you as a guide only, it is not an offer and has no legal effect on any contracts entered into by you 'the customer' The results are estimates based on information you provide and may not reflect actual results. The results of the calculations are not a promise or guarantee of a customer’s eligibility or terms for a specific product or service.

Payment Terms

Monthly Payments:

  1. Frequency: Pay every month.
  2. Ideal for: Those who receive monthly income and prefer steady, consistent payments.
  3. Benefits: Smaller, manageable payments that align with your regular income cycle.

Bi-Monthly Payments:

  1. Frequency: Pay every two months.
  2. Ideal for: Individuals who receive income bi-monthly or semi-regularly.
  3. Benefits: Slightly less frequent than monthly payments, providing a balance between cash flow and payment schedule.

Quarterly Payments:

  1. Frequency: Pay every three months.
  2. Ideal for: Seasonal income earners or those who prefer a balanced approach between monthly and yearly payments.
  3. Benefits: A compromise between steady monthly payments and less frequent yearly payments.

Annual Payments:

  1. Frequency: Pay once a year.
  2. Ideal for: Individuals with annual bonuses, investments, or those seeking an extended repayment term.
  3. Benefits: Lower frequency, often with a reduced overall number of payments over the loan term.

Bi-Annual Payments:

  1. Frequency: Pay twice a year, typically every six months.
  2.  Ideal for: Individuals with irregular income sources or those who prefer to make larger payments less frequently.
  3. Benefits: This payment frequency reduces the frequency of payments, allowing you to plan and budget for your loan payments on a semi-annual basis. It can be especially useful if you have significant income fluctuations or financial commitments.