Interest-Only Loan Repayment Calculator
Estimate the repayment on an interest-only loan, where the balance does not fall during the interest-only period. Enter loan amount and annual rate…
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Estimate the repayment on an interest-only loan, where the balance does not fall during the interest-only period. Enter loan amount and annual rate to see monthly interest-only payment and yearly interest when you calculate.
General information only, not financial advice. Results are estimates; fees, tax and future rate changes may affect outcomes.
Worked example
Example calculated from the starting values. Enter your own values and press Calculate to get your result.
With the default inputs (loan amount = 500,000, annual rate = %6.5), the results are: monthly interest-only payment 2,708.33; yearly interest 32,500.00.
Quick reference: loan amount vs result
Reference table based on the example values; it is not your calculation result.
| Loan amount | Monthly interest-only payment | Yearly interest |
|---|---|---|
| 250,000 | 1,354.17 | 16,250.00 |
| 500,000 | 2,708.33 | 32,500.00 |
| 1,000,000 | 5,416.67 | 65,000.00 |
| 2,500,000 | 13,541.67 | 162,500.00 |
| 5,000,000 | 27,083.33 | 325,000.00 |
| 10,000,000 | 54,166.67 | 650,000.00 |
Frequently asked questions
What formula does this calculator use?
Monthly interest-only payment = p × r ÷ 100 ÷ 12; Yearly interest = p × r ÷ 100. Variables: p = loan amount, r = annual rate in %.
What do I need to enter?
You need loan amount, annual rate (%). Results update as you type.
What is an example result?
With the default inputs (loan amount = 500,000, annual rate = %6.5), the results are: monthly interest-only payment 2,708.33; yearly interest 32,500.00.
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