Free account, no minimum balance, and you can pause any month.
This loan repayment calculator for Nigeria estimates monthly repayments, total interest, payoff time, and the impact of extra payments. Figures are illustrative.
Monthly Repayment
₦126,967
Estimated Payoff Time
5.0
Based on your current repayment plan
Overpayment Impact
See how extra monthly payments change your total borrowing cost.
Base Interest Cost
₦2,618,028
Interest Saved
₦0
Months Saved
0
Principal Amount
₦5,000,000Total Interest
₦2,618,028An illustration using the figures you entered, for education only — not financial, investment or tax advice. Real returns depend on prices, fees and tax at the time.
M = P × r × (1 + r)ⁿ / [(1 + r)ⁿ − 1]Monthly repayment amount
Principal loan amount
Monthly interest rate
Total number of monthly repayments
Questions
Then what
Model the outcome here, then let Shares Saver buy NGX-listed shares with the monthly amount — registered in your name, from ₦10,000 a month.
How to begin investing consistently without waiting for a lump sum.
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