Daily loan payoff calculator
Most loans charge interest every single day. Paying a small amount daily — instead of one lump sum monthly — shrinks the balance interest is calculated on, so you pay less. Try it below.
What each schedule looks like
Same money out of your pocket each month ($365.00), split differently.
| Schedule | Each payment | Payoff time | Interest |
|---|---|---|---|
| Daily | $12.00 | 4 yr 11 mo | $3,522 |
| Weekly | $84.23 | 4 yr 11 mo | $3,523 |
| Every 2 weeks | $168.46 | 4 yr 11 mo | $3,538 |
| Twice a month | $182.50 | 4 yr 11 mo | $3,553 |
| Monthly | $365.00 | 5 yr 0 mo | $3,587 |
Estimates use simple daily interest accrual and assume every payment is made on time. Your lender's method, fees, and posting dates may differ. Educational only — not financial advice. Confirm your lender accepts extra or off-cycle payments and applies them to principal.
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