🏦 Loan Repayment Calculator

This tool calculates fixed monthly payments using the equal principal and interest method.
You can also check the total interest and total repayment amount.

Loan Amount Annual Interest Rate (%) Loan Term (Years)

ℹ️ Calculation Formula
- Fixed monthly payment method (equal principal & interest)
- Formula: A = P × r × (1 + r)ⁿ / ((1 + r)ⁿ - 1)
A: Monthly Payment, P: Loan Amount, r: Monthly Interest Rate, n: Total Months