Balance Amount
Interest (p.a)
Loan Duration
Additional amount every month
One time extra amount
This calculator provides estimates intended for use only as a planning guide. Results are based on a standard repayment plan, where you pay a fixed amount every month for a set number of months, based on your loan term, the prepayment scenario you input above, and assumes:
A fixed interest rate and does not account for a variable interest rate;
Your loan is currently in repayment; and
We do not guarantee the calculator’s accuracy or applicability to your circumstances, and we encourage you to consult a qualified professional for assistance in analyzing your overall financial situation.
These amounts are indicative only. Please get in touch with us for exact details.
| Month | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
|---|---|---|---|---|
Month 1 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 2 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 3 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 4 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 5 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Our loan repayment calculator lets you calculate, easily and quickly, the monthly repayment amount of your student loans. You could have capitalized interest that will be added to the principal balance of your debt if you have not made payments either in school or during your grace period. To give a more accurate estimate of the loan repayment information, this amount should be included in the calculator's principal amount below.
Simply fill in the amount of the loan, the aspired duration of the loan, and its interest rate.
The student loan calculator repayment gives you an idea of what to expect if you plan to take a loan. It assists in determining:
When using our calculator, do not hesitate to vary the loan rate for a reasonably precise estimate of the amount of the monthly repayment of your loan. You need to enter the amount borrowed for your student loan, the duration of the loan, and, finally, the interest rate to calculate the amount of the monthly repayment.
Thanks to UniCred's monthly repayment calculator, you have the opportunity to calculate the monthly repayment amount for your loan accurately. One of the first steps in your search for looking for a student loan is the loan repayment calculation. The intent of this calculator is also to guide you in choosing the perfect loan for you.
The number of years you have to pay the loan back is your loan repayment term. Generally, federal loans have a 10-year standard repayment schedule. Depending on the loan, the repayment period will vary from 5-20 years for private student loans. When you apply, you'll be given a definite term for your loan.
The use of our monthly repayment calculator is free and will assist you in the progress of your loan process.