Loan Repayment Calculator
Plan your loan repayment strategy with our comprehensive calculator. Compare different payment plans, analyze extra payments, and find the fastest way to pay off your loans.
Loan Details
Enter your loan information to calculate repayment options
Repayment Strategies
Tips to help you pay off your loan faster and save on interest
Make Extra Payments
Even small additional payments can significantly reduce your loan term and save on interest. Consider making bi-weekly payments instead of monthly to make an extra payment each year.
Refinance for a Lower Rate
If interest rates have dropped or your credit has improved, refinancing could lower your interest rate and monthly payment.
Round Up Payments
Round your payment up to the nearest $50 or $100. This small increase can shorten your loan term.
Use Windfalls Wisely
Apply tax refunds, bonuses, or other windfalls to your loan principal to make a big impact on your balance.