RCU Calculators

Calculators - Loan Calculator

This calculator answers key questions about the cost of borrowing, in a variety of ways.

To use this calculator you must leave one box empty. For example, to find out what your payment will be on a loan, enter the loan amount (principal), how long you will take to pay the loan back (the term), the interest rate, and how often you will make repayments. Click calculate to find out what your payments will be. If you are calculating a typical consumer loan, you can leave the "how often the loan compounds" field set at monthly.

Loan Calculator
Loan amount (principal)
Time you will take to repay the loan (the term)
Interest rate
Choose a value from the drop down list or enter one in the text box
How often the loan compounds
How frequently will you make repayments?
Amount of each payment




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