Loan Calculator

Loan Calculator

A loan calculator is a financial tool that helps borrowers estimate the costs associated with a loan, including monthly payments, total interest, and the overall repayment amount. It takes key inputs—such as loan amount, interest rate, and loan term—and performs calculations to provide a clear breakdown of the loan’s financial impact.

25,000
5.5
5

Loan Summary

Monthly Payment R477.41
Total Interest R3,644.60
Total Cost of Loan R28,644.60
Pay-off Date July 2028