Travel Loan Calculator

This Travel Loan Calculator is brought to you by LoanThru.com. It’s a free and user-friendly Travel Loan / Holiday Loan Calculator to estimate the total loan interest and monthly repayment amount. This calculator uses Flat Rate interest calculation method and it allows you to choose the loan term & interest rate so that you can see the difference between the loan products.

NOTE: This calculator assumes a fixed interest rate and uses the 30/360 day count convention to compute the total interest amount and monthly repayment figures. The result generated by this calculator is for reference purposes only, maybe slightly different from some financial institutions due to miscellaneous charges, interest computation & unforeseen circumstances.

Loan Amount ($)

Monthly Payments

$ 458.33

www.loanthru.com

Term (months)

Interest Rate per annum (%)

Interest calculation method

Amortization schedule


Amortization Schedule


YEAR # MONTH # PAYMENT ( p + i ) PRINCIPAL ( p ) INTEREST ( i ) BALANCE
1 1 458.33 416.67 41.67 4,583.33
1 2 458.33 416.67 41.67 4,166.67
1 3 458.33 416.67 41.67 3,750.00
1 4 458.33 416.67 41.67 3,333.33
1 5 458.33 416.67 41.67 2,916.67
1 6 458.33 416.67 41.67 2,500.00
1 7 458.33 416.67 41.67 2,083.33
1 8 458.33 416.67 41.67 1,666.67
1 9 458.33 416.67 41.67 1,250.00
1 10 458.33 416.67 41.67 833.33
1 11 458.33 416.67 41.67 416.67
1 12 458.33 416.67 41.67 0.00

What is a Travel Loan?

Travel Loan also known as Holiday Loan is an unsecured personal loan that is given to a borrower for travel expenses. Travel expenses refer to the tickets, services, accessories and related expenses involved in the trip. Collateral is not required for an unsecured loan, but the loan interest rate will be higher. It is a short-term contract that uses the Flat Rate interest computation method. The repayment is usually payable in monthly basis by fixed payment amount.