Loan Instalment

The loan instalment is the regular payment that a borrower makes to the lender to repay a loan.

Depending on the amortisation model, the loan instalment varies in the composition of the repayment and interest share. The loan agreement, which is concluded between the lender and borrower, also specifies the interest rate and term. Together with the loan amount and the frequency of payments, this results in the amount of the loan instalment. It is usually due monthly.

With the LEND loan calculator, the borrower can easily determine the monthly instalment for their loan and calculate the suitable instalment by adjusting the loan amount and term.

A tip: The interest portion of the loan repayment can be deducted from your tax return.