Auto Loan Calculator

Use our auto-loan payment calculator to estimate what your monthly loan payment will be for that car

Result Summary
Loan amount: ₦99900.00
Interest rate 5.00%
Number of months 12
Monthly payment ₦8552.19
Total Interest ₦2726.25
Total paid₦ 102626.25
MonthBalanceInterestPrincipal
1 ₦99900.00 ₦416.25 ₦8135.94
2 ₦91764.06 ₦382.35 ₦8169.84
3 ₦83594.23 ₦348.31 ₦8203.88
4 ₦75390.35 ₦314.13 ₦8238.06
5 ₦67152.29 ₦279.80 ₦8272.39
6 ₦58879.90 ₦245.33 ₦8306.85
7 ₦50573.05 ₦210.72 ₦8341.47
8 ₦42231.58 ₦175.96 ₦8376.22
9 ₦33855.36 ₦141.06 ₦8411.12
10 ₦25444.23 ₦106.02 ₦8446.17
11 ₦16998.06 ₦70.83 ₦8481.36
12 ₦8516.70 ₦35.49 ₦8516.70


Loan Terms of Reference

Loan Amount:This is the amount of money you want to borrow.
Interest Rate:This is the percentage of interest the bank will charge for borrowing you money.
Loan Tenor:This is how long you will be you need the loan for ,it could be in months.

Disclaimer

This calculation is based on the accuracy and completeness of the information you have provided. Result is for information purposes only and it is not intended to provide specific financial advice and should not be relied upon in that regard. You should speak to a financial advisor or accountants for an informed decision to ensure your personal circumstances have been taken into consideration.