Calculators

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

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