Debt Calculator
This debt calculator will allow you to work out different debt repayment schedules. Just enter the amount of your debt, the interest rate and then either the length of time that you want to repay the loan or the size of your monthly repayment.
Option A) Enter the length of the loan. This will calculate the monthly repayments required to repay the loan over this period based on the amount borrowed and the interest rate.
Option B) Enter the size of the monthly payments. This will calculate the length of time required to repay the loan based on the amount borrowed, the interest rate and the size of the monthly repayments.
If your local currency is not the dollar, just disregard the dollar signs. They are for display purposes only and will not affect the results.
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The answers will appear here each time you hit the "Calculate" button above.