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Accrued Interest Calculator

Even if your loan is not currently in repayment, interest continues to accrue (grow).

See how accrued interest could affect your loan balance, and how paying a little more toward your loan can reduce your principal amount.

NOTE: Some lenders capitalize interest - add it to the principal balance of your loan. This could increase your total outstanding balance. Be sure to check with your lender before borrowing or look at ways to pay down the interest before it capitalizes.

Enter your loan balance.
Enter your interest rate.
Enter a number of months.
Enter your payment amount.


Correct the fields highlighted above.

Calculator assumes the interest rate remains the same and that it is not
capitalized - added to the principal
balance of your loan - at any time.


Amounts are estimates.

See how paying more can have a positive impact on your loan balance. If you entered "Never" on the left, try selecting a different frequency and enter a manageable payment amount. Or, if you are are already making payments, trying increasing the amount. The new calculation will show you how your loan balance can change.

Looking for more tips? Our Monthly Budget Worksheet can help you look for a few dollars to put toward your loan interest.

See more tools

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