Payment Calculator – Loan, Lease & Subscription Payments

Work out any periodic payment for loans, leases, or subscriptions. Enter amount, rate, and term to get an instant result—plus the math behind it.

Calculate now Try more calculators

⚠️ Advisory only: Results are estimates. Terms and lender policies vary; verify with your provider or a qualified advisor.

Cinematic 3D illustration of a middle-aged man holding three $100 bills, with floating icons for dollar value and payment amount, promoting a payment calculator.
Work out any periodic payment for loans, leases, or subscriptions. Enter amount, rate, and term to get an instant result—plus the math behind it.

Calculate Your Monthly or Periodic Payment

Reset

Enter amount, APR, term, and payment frequency.

Why Use This Payment Calculator?

Calculate Payments for Any Loan or Plan

Loans, annuities, leases, and subscriptions.

Flexible Payment Timing Options

End-of-period or beginning-of-period payments.

Supports Multi-Currency Calculations

Works with £ / ₹ / € / $ — keep units consistent.

Transparent Formula-Based Results

We show the formula, variables, and worked example.

Payment Calculation Process (3 Simple Steps)

1

Enter Principal Amount (PV)

The present value or price financed.

2

Set Interest Rate & Term Length

APR / periodic rate and number of payments.

3

Choose Payment Timing

End-of-period (default) or beginning-of-period (annuity due).

How to Use This Payment Calculator

  • Keep units consistent (e.g., APR as a yearly rate, monthly compounding → divide APR by 12).
  • Include any compulsory fees in PV if they’re financed; otherwise exclude them.
  • Pick payment timing: end-of-period (ordinary) vs beginning-of-period (annuity due).
  • Set n to total number of payments (e.g., 5 years × 12 = 60 monthly payments).

How the Loan & Payment Calculation Works

The calculator uses the standard annuity payment formula for level payments on an amortizing balance. For monthly payments, we convert APR to a monthly rate and apply it across the number of months.

  • Payment (PMT): PMT = r × PV / (1 − (1 + r)−n), where r = periodic rate, n = number of payments, PV = amount financed.
  • If r = 0%: PMT = PV / n
  • Monthly rate from APR: r = APR / 12 (nominal APR, monthly compounding) or r = (1+EAR)^{1/12} − 1 for an effective annual rate.
  • Beginning-of-period payments (annuity due): multiply the ordinary annuity payment by (1 + r).

Worked example: PV = £10,000, APR = 8% (monthly r = 0.08/12 ≈ 0.006667), n = 36.
PMT ≈ 0.006667 × 10000 / (1 − (1 + 0.006667)−36) ≈ £313.36 per month.

Payment Calculator – FAQs

It computes the periodic payment needed to repay (or fund) a balance over a fixed number of equal payments, based on a rate and term.

Enter APR and the compounding frequency your product uses. For monthly payments with nominal APR, divide APR by 12. For an effective annual rate, convert using r = (1+EAR)^{1/12} − 1.

Select “beginning-of-period” (annuity due). Mathematically, multiply the ordinary payment by (1 + r).

Yes. At 0% the payment is simply PV / n. For interest-only periods, the required payment equals PV × r (principal unchanged) until amortization begins.

If your version of the calculator includes a schedule output, you’ll see interest, principal, and remaining balance for each period. Otherwise, use our Loan or Mortgage calculator for full schedules.

Chat on WhatsApp Speak to an Advisor

What Users Say About Our Financial Tools

Overall Rating
5.0/5 3 reviews
Priya

This estimator feels like a mini financial advisor. It’s incredibly helpful for first-time buyers to understand their limits. The income-to-debt ratio logic is spot on.

Verified View reviews
Dhruv

This tool is a lifesaver for budgeting. It’s intuitive and gives a clear breakdown of monthly payments. I especially like the amortization summary—it’s great for planning long-term.

Verified View reviews
Rohan

Simple, fast, and accurate. The BMI Calculator gives instant results with clear health categorization. I appreciate the clean layout and mobile responsiveness—it’s perfect for quick checks on the go

Verified View reviews

⚠️ All services are offered on an advisory basis only. We do not act as legal, immigration, or financial representatives, and we do not guarantee outcomes. Any actions taken based on our guidance are the responsibility of the individual.