Real talk, loans are that friend who never forgets you owe them money. You could be minding your business, enjoying your life, and suddenly… “Oga, my money na.” Whether it’s a bank loan, that money your uncle gave you to start business, or even what you borrowed from your work colleague, this calculator tells you exactly when you’ll pay the last kobo.

Let’s Break It Down

Enter Your Loan Amount How much did you collect? Type the full amount in naira. Don’t be shy about it. ₦500k? ₦2M? Whatever it is, the calculator doesn’t judge. It just calculates.

Your Monthly Payment What are you paying back every month? This is the amount that leaves your account like clockwork. If you’re paying ₦50k monthly on a ₦500k loan, type that in.

Loan Start Date When did this financial relationship begin? Pick the date you first collected the money. This helps the calculator track your progress from day one.

Interest Rate This is where most people get confused, but relax. Your lender probably told you something like “5% per year” or “10% annually.” Just type that number. If they said 5%, type 5. If you don’t know, call them and ask. It matters.

What You Get Back

The calculator doesn’t waste time. It shows you:

Final Payment Date: The exact day you’ll make your last payment and do your victory dance. Mark this on your calendar, set it as your phone wallpaper, tattoo it on your brain.

Next Payment Due: When’s the next one coming? The calculator reminds you so you can prepare your account.

Total Duration: How long is this journey? 2 years? 18 months? Knowing this helps you plan your life. You’ll know if you can afford that vacation next year or if you should wait till after the loan is done.

Total Interest & Total Payable: This is the reality check. You borrowed ₦500k but you’re paying back ₦650k? Yeah, that’s interest doing its thing. At least now you know exactly what you signed up for.

Why You Need This

Because “I’ll pay you back soon” hits different when “soon” has an actual date attached. This calculator turns vague promises into concrete timelines. You can literally point to a date and say “on this day, I’m debt free.”

Plus, knowing your numbers helps you make better decisions. Maybe you realize you can increase your monthly payment and finish faster. Maybe you see the interest eating you alive and decide to renegotiate. Knowledge is power, and this calculator is giving you all the power.

Real Life Win: Use this before taking any loan. Ask the lender their terms, plug the numbers in, and see if you can actually handle it. Prevention is better than regret.