Short Term Loan Interest Calculatorn

A short term loan is a loan amount scheduled to be repaid in less than a year. The loan is often referred to as bridging finance. In short term loan, interest is usually included in the facility so the borrower does not make interest payments during the term. Given here is an online short term loan interest calculator to calculate the short-term loan. Just input the loan amount, the number of days for repayment and the repayment amount to find the result.

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A short term loan is a loan amount scheduled to be repaid in less than a year. The loan is often referred to as bridging finance. In short term loan, interest is usually included in the facility so the borrower does not make interest payments during the term. Given here is an online short term loan interest calculator to calculate the short-term loan. Just input the loan amount, the number of days for repayment and the repayment amount to find the result.

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Formula:

Total Interest = Repayment - Loan Amount APR = (Total Interest × 36500) / (No. of Days × Loan Amount)

Example:

Find the short term loan interest for a loan amount of 50000 $ borrowed for 300 days with a repayment amount of 80000 $

Solution:

Total Interest = 80000 - 50000
= 30000 $
APR = (30000 × 36500) / (300 × 50000)
= 73 %


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