Loan calculator

Monthly payment, total interest and schedule: annuity or equal principal payments, with early repayment.

UAH
% a year
mo
UAH
Monthly payment
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Total interest
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Total paid
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Repayment term
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Rate
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Interest saved:

Payments by year

PrincipalInterest
Monthly payment schedule
MonthPayment, UAHInterest, UAHPrincipal, UAHBalance, UAH

How to use the calculator

  1. Loan amount: how much you borrow, excluding fees.
  2. Rate: the nominal annual rate from the contract.
  3. Term: the loan term in months. One year is 12 months, three years is 36.
  4. Payment type: annuity (the same every month) or equal principal (principal in equal parts, the payment shrinks).
  5. Extra payment: the amount you plan to pay each month on top of the schedule, and what it reduces: the term or the payment.

The calculator instantly shows the payment, total interest, the total amount paid, a chart by year and the full month-by-month schedule. You can share the calculation as a link: all inputs are saved in the page address.

How the payment is calculated

With equal principal payments, the principal is split into equal parts (amount / number of months) and interest is charged every month on the remaining balance. So the first payment is the largest and the payment then goes down. A detailed look at both schedules with a table is in “Annuity or equal principal payments”.

Examples

FAQ

Which is cheaper: annuity or equal principal payments?

In terms of interest, equal principal payments usually cost less: the principal is repaid in equal parts, so interest is charged on a smaller balance. An annuity is easier on the budget because the payment stays the same for the whole term. Below the result, the calculator shows what the other schedule would cost.

How does early repayment reduce the total interest?

Extra payments go towards principal, so future interest is charged on a smaller balance. Shortening the term saves the most: the payment stays the same and the loan is closed sooner. For example, a UAH 300,000 loan at 20% for 3 years with an extra UAH 3,000 a month is repaid in 27 months, and the total interest falls by UAH 28,126.

Why might the bank's payment differ from this calculation?

The calculator counts only interest at the stated rate. A bank may add a one-off or monthly fee, insurance and other charges. That is why loans should be compared by the real annual interest rate and the total cost of credit stated in the contract.

Can I repay a loan early without a penalty?

Early repayment terms are set out in the contract. Ukraine's Law “On Consumer Lending” gives you the right to repay early, but before paying a large sum, check with the bank how it works and how the schedule is recalculated.

The calculation is for reference only and is not financial or tax advice. Actual terms depend on your contract with the bank, fees and current law.

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