Loan repayment schedule calculator

A loan repayment schedule is a detailed plan showing each payment amount, the split between principal and interest, and the remaining balance after each instalment.

Equal (annuity) instalments are constant throughout the loan term. Decreasing instalments have a fixed principal component; interest falls because it is charged on a shrinking balance.

Decreasing instalments generally result in lower total interest because the principal balance falls faster. However, early payments are higher, requiring greater creditworthiness.

Annuity payment = P × r × (1+r)^n / ((1+r)^n – 1), where P is the principal, r is the monthly rate and n is the number of payments.

APRC (Annual Percentage Rate of Charge) includes not only interest but also fees, commissions and other costs. The nominal rate covers interest only. APRC gives a more complete picture of the loan cost.

At 7.5% and 240 equal instalments the monthly payment is about PLN 2,416. Use the calculator above for other rates or terms.

Total cost = sum of all instalments – original principal. It equals total interest paid (plus any fees not included here).

Switching from equal to decreasing instalments (or vice versa) requires renegotiating with the bank and signing an amendment to the loan agreement.

After overpayment the bank usually offers either a shorter term or lower future instalments. Both reduce total interest — a shorter term is generally more cost-effective.

No — the calculator computes interest based on the nominal rate only. The actual loan cost may be higher due to fees, insurance and other bank charges.