Loan Calculator

What is a Loan Calculator?

A loan calculator is an online tool that helps you figure out your monthly loan payment, total interest cost, and the total amount you’ll pay back over the life of the loan. Just enter your loan amount, annual interest rate, and repayment period to see your results instantly.

This tool is useful for personal loans, car loans, student loans, mortgages, or any other type of installment loan.

How to Use the Loan Calculator

1. Enter the loan amount you want to borrow.
2. Type the annual interest rate (APR) as a percentage.
3. Enter the term of the loan in years.
4. Click "Calculate" to see your monthly payment and totals.
5. Review the sidebar for a summary of your results.

All calculations are instant and private—your data never leaves your browser.

FAQ

• What does this calculate? Your monthly payment, total interest, and total amount repaid.
• Is this calculator accurate? Yes, it uses the standard loan amortization formula used by banks.
• Can I use this for mortgages or auto loans? Yes! It works for any simple fixed-rate loan.
• What’s included in “total interest”? All the interest you’ll pay over the full loan term.
• Does it store my data? No—your info is never sent or saved. Everything is calculated in your browser.