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Loans
Simple Interest – Weekly/Monthly/Yearly Repayment Calculator
Calculate interest and repayment schedules for simple-interest loans. Choose whether interest is charged weekly, monthly or yearly, and whether it is based on the original or remaining balance. Optionally set a higher payment to start reducing the principal.
$
%
Same as 60.00% a year
Interest falls as the balance does.
$
Leave at zero to pay interest only
Optional. Only interest is paid until this date.
Total Interest Paid
$247.34
9 months
Interest in the first month
$50.00
Total paid
$1,247.34
Loan Term
9
months
Balance left
$0.00
29 Sept 2026