Loan Repayment Calculator
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.
Loan Repayment Formula
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
Frequently Asked Questions
Then what
Turn the numbers into a plan
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.
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