About Loan Calculator

A loan is a contract between a borrower and a lender in which the borrower receives an amount of money (principal) that they are obligated to pay back in the future. Most loans can be categorized into one of three categories:

• Amortized Loan: Fixed payments paid periodically until loan maturity
• Deferred Payment Loan: Single lump sum paid at loan maturity
• Bond: Predetermined lump sum paid at loan maturity (the face or par value of a bond)

Modify the values and click the calculate button to use

Amortized Loan: Paying Back a Fixed Amount Periodically

Use this calculator for basic calculations of common loan types such as mortgages, auto loans, student loans, or personal loans.

Deferred Payment Loan: Paying Back a Lump Sum Due at Maturity

Many commercial loans or short-term loans are in this category. Unlike the first calculation, which is amortized with payments spread uniformly over their lifetimes, these loans have a single, large lump sum due at maturity.

Bond: Predetermined Lump Sum Paid at Loan Maturity

This kind of loan is rarely made except in the form of bonds. Technically, bonds operate differently from more conventional loans in that borrowers make a predetermined payment at maturity.