Loan & Credit Line Payments

This calculator helps determine your loan or line payment. For a loan payment, select fixed-term loan. For a credit line payment, you can choose 2%, 1.5% or 1.0% of the outstanding balance or interest only.



Loan amount Total dollar amount of your loan.


Interest rate The annual interest rate, often called an annual percentage rate (APR) for this loan or line of credit.


Term in months Number of months for this loan or line of credit.


Payment options

Select the option that matches your payment type:

  • Fixed loan term
    Traditional amortization produces a fixed monthly payment. The monthly payment calculated will leave a zero balance at the end of the loan’s term.
  • 2%, 1.5% or 1% of balance
    Your minimum payment is calculated as a percentage of the outstanding principal balance. Your minimum payment will change each month, and if you only make the minimum payment your balance will not be zero at the end of your loan’s term.
  • 100% of interest owed
    For lines paying interest owed, your payment is 100% of the interest accrued during the month but no principal. Your payment may not be fixed if your interest rate or principal balance changes.