Loan Rate Payoff & Calculator

What does a loan really cost you? Type in the amount, the number of months and the interest rate, and this app shows the monthly instalment, the interest and the full amount you pay back. Then list the loans you are already repaying and see the month you finish all of them.

No data, no sign-up, no BVN and no phone number: the numbers are worked out on your phone and stay there.

WHAT YOU CAN WORK OUT
✨ The cost of a loan. Amount, tenor and interest rate give you the instalment, the total interest and the total repayment. Use it for a salary loan, a personal loan, a car loan or any loan paid back in equal instalments.
✨ The instalment you can carry. From your monthly income and what you already pay, see the instalment that still leaves room in your budget.
✨ Two loans against each other. See which one costs less in total, not just which has the smaller monthly figure.
✨ Paying early. See how many months you cut and how much interest you keep by adding a fixed extra amount every month.
✨ Your debt load. The share of your income that goes to repayments, and what remains.

YOUR PAYOFF PLAN
Enter each loan you have today: the balance left, the rate and the monthly payment. The app turns that into a plan:
• how long until you owe nothing, and the interest still ahead of you
• the difference an extra amount each month makes
• two orders to clear the loans — the highest rate first, or the smallest balance first — and what each order costs
• every loan as a numbered step with its own finish time

It helps when you are weighing one bigger loan against several small ones, and when you want to know which loan to clear first.

The loans you enter are stored on your phone only. Nothing is uploaded.
🔍 Why Choose Us?
Millions of young people get trapped by illegal online loans due to a lack of information. Wanjol is here to break that cycle—offering a free, easy, and trusted solution.

An all-in-one financial toolkit designed to help you calculate, compare, plan, and manage your finances with ease.
✨ Loan Calculators
✨ Loan Eligibility Calculator
✨ Compare Loan Options
✨ Tax Calculator
✨ Investment Calculator
✨ Financial Tips & Insights
✨ Privacy & Security Tools
✨ Easy-to-use Settings
**Calculate. Compare. Plan. Protect. All in One App.**

🧮 Installment Simulation Calculator
Estimate your monthly installments before applying for a loan. Enter the amount, tenure, and interest rate to see exactly what you'll need to pay.

Don't just borrow blindly! Instantly check if the online loan platform you're eyeing is registered. Protect yourself from predatory, illegal loan apps.

📚 Financial Tips & Education
Learn how to borrow wisely, manage debt, and plan your finances early on. Our content is light, relatable, and perfect for young professionals or university students.

👨‍🎓 Perfect for You If:
✨ You're a university student or fresh graduate needing emergency funds
✨ You're trying online loans for the first time but worry about making the wrong choice
✨ You want to learn how to manage finances from scratch
✨ You want to ensure your chosen loan provider is safe and legal

🔒 Safe & Trusted
Wanjol does not collect your sensitive personal data. We simply provide information and education—the final decision remains yours. This application is designed to be user-friendly for anyone wishing to understand how online loans generally work, enabling users to make more informed financial decisions; however, this application does not provide financial advice.

⚠️ Disclaimer
This application is not a loan provider and is not affiliated with any financial institution. All available features are intended solely for educational, simulation, and general informational purposes. For official information regarding loan services, users are advised to consult the relevant financial institutions or authorized authorities.