Loan Calculator

See your monthly payment, total interest and amortization schedule in seconds.

How to use

  1. Enter your values in the fields above.
  2. Press Calculate to see your result instantly.
  3. Use the Share button to copy a link to your result.

About this calculator

This tool works out the fixed periodic payment needed to pay off a borrowed amount over a set term at a given interest rate, using standard amortization math. Each payment is split between interest, which is charged on the remaining balance, and principal, which actually reduces what is owed, so the mix shifts from mostly interest early on to mostly principal near the end.

It is commonly used by anyone weighing a personal loan, car loan, or similar installment debt before signing, since it turns a rate and term into a concrete monthly figure and a total interest cost. Shoppers comparing two loan offers with different rates or lengths often run both through the calculator side by side to see which one actually costs less over time.

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