ExpatWonMoney & Life in Korea

Korea Loan Interest Calculator

Korean banks quote loans with equal monthly installments (원리금균등). Enter the principal, annual rate, and term to see your monthly payment, the total interest, and how much a one-point rate difference matters.

Loan terms

Repayment

Monthly payment
₩905,877 $656
Total interest
₩2,611,574 $1,892
Total repaid
₩32,611,574

If your rate were 1%p higher (6.5%)

Monthly payment
₩919,470
Extra interest over the term
+₩489,349

Equal monthly installment (원리금균등) formula. Actual bank quotes may differ slightly and may add fees or early-repayment charges.

Guides on loans in Korea