Deposits & interest / Free tool
Simple interest calculator
Calculate interest without compounding.
Your estimate
—
Illustrative estimate. See calculation assumptions below.
Monthly repayment schedule
Principal and interest, one payment at a time.
| Month | Payment | Principal | Interest | Balance |
|---|
How this calculation works
Interest = principal × annual rate ÷ 100 × years.
Assumptions & limitations
Constant annual rate and no interim contributions or withdrawals. Before tax.
Change the inputs to compare scenarios. A calculated illustration does not confirm a bank offer, investment return, insurance benefit or eligibility.