Loan repayment
Work out the monthly installment, total interest, effective APR and schedule.
About this calculator
Compute the monthly installment, total interest and total repaid for any loan: amount, tenor and rate, with reducing-balance or flat-rate methods.
Run both methods on the same numbers to see the real cost difference before signing.
FAQs
What is the difference between reducing-balance and flat rate?
Reducing-balance charges interest on the remaining principal so it shrinks with each payment; flat rate charges on the full principal for the whole tenor, making its effective cost higher at the same advertised rate.
Does the shown installment include fees and insurance?
No — the installment reflects interest only. Add administrative fees and life insurance from the bank's product details where applicable.
How do I reduce total interest paid?
Shorten the tenor, raise the down payment, or secure a lower rate — try scenarios here, then compare real bank offers.