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Monthly Loan Repayment (Amortisation) Calculator

Fixed monthly payment for a fully amortising loan.

Calculates the fixed monthly payment for a loan: PMT = PV · i / (1 − (1+i)^−n), where i is the monthly interest rate and n is the total number of payments.

Priya Venkatesan By Priya Venkatesan
Published Last reviewed 1 min read

Inputs

$
%
years

Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

PMT = PV · i / (1 − (1+i)^−n)

In depth

Calculates the fixed monthly payment for a loan: PMT = PV · i / (1 − (1+i)^−n), where i is the monthly interest rate and n is the total number of payments.