"A loan is a type of debt. Like all debt, a loan entails the redistribution of financial assets over time, between the lender and the borrower.
The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt."[1]
This online loan calculator can be used to figure out regular payments of any kind of loan, based on the loan amount, loan length, interest rate and pay periodicity.