Line of Credit Calculator
Draw Amount ($)
Please enter a valid positive number.
Annual Interest Rate (%)
Please enter a valid non-negative number.
Repayment Period (Months)
Please enter a positive integer.
Calculate
Results
Monthly Payment:
Total Interest Paid:
Total Repayment:
Formula:
Monthly Payment = (P * r) / (1 - (1 + r)^(-n)), where P = draw amount, r = monthly interest rate, n = months.