How to Use the Loan Calculator (NGN)

This loan calculator nigeria helps you estimate your monthly repayment, total amount paid, and total interest for a loan in Nigerian Naira (₦).

Follow the steps below:

1. Enter the Loan Amount

In the “Loan Amount (₦)” field, type the total amount you want to borrow.
Example: 500,000

2. Enter the Monthly Interest Rate

In “Monthly Rate (%)”, enter the interest rate charged per month by the lender.

• Example: 5 means 5% per month
• If the loan has no interest, enter 0

3. Enter the Loan Tenor

In “Tenor (months)”, enter how many months you will take to repay the loan.

• Example: 6, 12, or 24

4. View Your Results Instantly

As you type, the calculator automatically shows:

• Monthly Payment – how much you pay every month
• Total Paid – total amount paid by the end of the loan
• Total Interest – extra money paid on top of the loan amount

All values are displayed in Nigerian Naira (₦).

5. Clear the Calculator

Tap the “C” button to reset all fields and start a new calculation.

Lapo Regular Loan