Tool World

Student Loan Calculator: Calculate Your Repayment Easily

To calculate your student loan repayment, you'll need to know your loan amount, interest rate, and repayment term. Use the formula: Monthly Payment = [Principal * (Monthly Rate / (1 - (1 + Monthly Rate)^-Total Payments))], where Monthly Rate is the annual interest rate divided by 12, and Total Payments is the repayment period in months.