8 Best Free Online Student Loan Repayment Calculator Websites

Here is a list of best free online student loan repayment calculator websites. Every year thousands of students take student loans to continue their school and college education. Like any other loan, this loan also needs to be repaid in a certain amount of time. To find out what amount students need to repay each month, you can try these online student loan repayment calculator websites. Some of these websites also help users choose the correct method of loan repayment according to their needs. Besides this, these calculators also calculate and show a breakdown of the total repayment amount (interest amount and principal amount). Graphs and tables highlighting the yearly repayment amount, debt amount, and interest amount, are also generated by some websites.

To perform the calculation, these calculators require input parameters like Loan Amount, Loan Tenure (in years), Interest Rate, etc. The process to calculate the student loan repayment is quite simple on all these websites. Still, to help out novice users, I have included the calculation steps in the description of each website.

These websites also come with additional tools that may come in handy. Using additional tools, users can apply for loans, calculate investments, and calculate inflation. Go through the list to know more about these calculators.

My Favorite Online Student Loan Repayment Calculator Website:

avanse.com is my favorite website as it helps users figure out the right way to pay back their student loans.

You can also check out lists of best free Online 401k Calculator, Online Mutual Fund Calculator, and Online Return On Investment Calculator websites.

avanse.com

avanse.com is a free online student loan repayment calculator. This online calculator helps users figure out the right way to pay back their student loans. To do that, it offers three options.

The first option asks whether you can afford to make larger payments, if yes, then how much. The second option helps users find out how much principal balance they can reduce by making one extra payment. The third option helps users find out the total amount they need to pay if they want to pay student loans in certain years. According to the selected option and submitted values, this calculator performs the calculation and shows the answer that you are looking for. Now, follow the below steps.

How to calculate student loan repayment online using avanse.com:

Visit this website and enter your loan information like current balance, interest rate, and months left to pay back.
Next, choose one of the three available options.
Now, enter the value of the selected payment option.
Lastly, click on the Calculate button to view the calculated value.

Additional Features:

This website also offers additional online calculators such as Education Loan EMI Calculator, College Course Expense Calculator, Eligibility Calculator, and more.

Final Thoughts:

It is one of the best free online student loan repayment calculators that helps users figure out the right loan repayment methods.

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calculator.net

calculator.net is a free online student loan repayment calculator website. Using this calculator, students can evaluate multiple loan payoff options. It also calculates and shows the time students will take to pay off the debt along with the total amount they will pay with interest. Now, check out the below steps.

How to calculate student loan repayment online using claculator.net:

Visit this website and choose the Student Loan Repayment calculator.
Now, enter the Loan Balance, Monthly Payment, and Interest Rate values.
Next, choose one repayment option (payoff altogether, repayment with extra payments, or normal repayment).
In the end, click on the Calculate button to start the calculation process.

Additional Features:

This website also offers a Simple Student Loan Calculator and Student Loan Projection Calculator.
A good set of financial calculators are also provided by it such as Amortization, Finance, Interest Rate, Salary calculator, etc.

Final Thoughts:

It is another good student loan payment calculator that helps users find out the right loan payment option.

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mappingyourfuture.org

mappingyourfuture.org is another free online student loan repayment calculator. This calculator helps students estimate their student loan payments. To do that, students need to specify the principal loan amount, number of monthly payments, and simple interest rate. After performing the calculation, it shows what will be your monthly payment, total interest cost, and minimal annual salary you would need to pay for the loan. Now, follow the below steps.

How to calculate student loan repayment using mappingyourfuture.org:

Visit this website and open up the student loan calculator.
After that, enter the Principal Loan Amount, Number of Monthly Payments, and Interest Rates.
In the end, click on the Compute Payment and Cost button to start the calculation process.

Additional Features:

This website also offers services to help users explore their careers, prepare for college, money management, etc.

Final Thoughts:

It is another good online student loan repayment calculator website that offers all the tools to estimate the repayment monthly payment and interest costs.

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student-loan-calculator.co.uk

student-loan-calculator.co.uk is another free online student loan repayment calculator. This calculator helps users find out how much they need to repay each year and what will be the accumulated interest on the student loan. To perform the calculation, users need to specify their annual salary before tax, remaining student debt, type of student loan, annual pay rise, and loan interest rate values. Now, check out the below steps.

How to calculate student loan repayment online using student-loan-calculator.co.uk:

Visit this website using the given link.
After that, enter essential loan details like annual salary, remaining student debt, type of loan (Type 1, Type 2, or SAAS).
Now, go to Loan settings to specify expected annual pay rise, loan interest, etc.
Lastly, click on the Calculate button to start the calculation process.

After performing the calculation, this calculator generates a calculator that shows yearly salary, debt, interest rate, paid this year amount, interest this year, total pain, and total interest values.

Final Thoughts:

It is another good online student loan repayment payment calculator that uses input loan parameters to find out the estimated yearly loan repayment amount, yearly interest, interest amount, etc., values.

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salliemae.com

salliemae.com is another free online student loan repayment calculator. This calculator helps users before and after taking the student loans to find out what will be their monthly repayment amount. As input, it just required Loan Amount, Interest Rate, and years to repay the amount. Now, follow the below steps.

How to calculate student loan repayment online using salliemae.com

Go to this website using the given link.
After that, enter the loan amount, interest rate, and years to repay the amount.
Next, click on the Calculate button to view the monthly repayment amount.

Additional Features:

This website also offers scholarships, financial aid, and student loan services.

Final Thoughts:

It is a simple yet very capable online student loan repayment calculator that helps users quickly find out what will be their monthly loan repayment amount.

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bankbazaar.com

bankbazaar.com is another free online student loan repayment calculator. Through this website, users can find out their monthly education loan EMI according to their loan amount, tenure of loan, and interest rate. It also generates a pie graph that highlights the difference in the loan amount and interest due amount. Now, follow the below steps.

How to calculate student loan repayment using bankbazaar.com:

Start this website and open up the loan calculator.
After that, specify the Loan Amount, Loan Tenure, and Rate of Interest in percentage.
Next, click on the Calculate button to start the calculation process.

Additional Features:

This website also offers online services to apply for various types of loans such as personal loans, home loans, car loans, two-wheeler loans, and more.

Final Thoughts:

It is one of the simplest online student loan repayment calculator websites through which any student can quickly fond out the monthly repayment amount.

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Axisbank Education Loan EMI Calculator

Axisbank Education Loan EMI Calculator is yet another free online student loan repayment calculator website. This calculator can find out the monthly loan repayment amount along with the interest amount and total repayment amount. To do that, this calculator only needs Loan Amount, Interest Rate, and Tenure values. Now, follow the below steps.

How to calculate student loan repayment online using Axisbank Loan EMI Calculator:

Visit this website using the given link.
After that, enter the Loan Amount, Interest Rate (in percentage), and Tenure (in years).
According to the submitted values, it starts the calculation and shows the monthly installments amount and break-up of the total payment.

Additional Features:

This website comes with various banking services and offers related to credit cards, loans, payments, accounts, etc.

Final Thoughts:

It is a straightforward online student loan repayment calculator website that anyone can use without much hassle.

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smartasset.com

smartasset.com is the last free online student loan repayment calculator website. Through this calculator, users can simultaneously calculate the monthly EMIs of multiple student loans. It also generates a graph highlighting the loan balance over time. Now, follow the below steps to calculate the monthly student loan repayment amount.

How to calculate student loan repayment online using smartasset.com:

Go to this website and access the Student loan calculator.
Now, enter the Loan Amount, Interest Rate, and Loan Terms in years.
After that, you can add another loan and specify the loan values.
In the end, start the calculation process to view the monthly repayment amount.

Additional Features:

Calculators: This website offers multiple online calculators such as Investment Calculator, Asset Allocation Calculator, Capital Gains Tax Calculator, and more.
This website also offers services and calculators associated with taxes, banking, home buying, smart reads, etc., fields.

Final Thoughts:

It is another simple to use online student loan repayment calculator that can easily find out the monthly repayment amount of one or more student loans at a time.

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