A loan calculator tells you what borrowing will actually cost before you commit. Enter the amount you want to borrow, the annual interest rate, and the repayment term, and it returns your fixed monthly payment along with the total interest and the grand total you will repay. Seeing the total interest is the part most people underestimate: on a long-term loan the interest can rival or exceed the amount borrowed. This calculator makes that visible so you can make an informed choice between a lower monthly payment over many years and a higher payment that clears the debt faster and cheaper. It works for personal loans, car loans, student loans, and any other fixed-rate, fixed-term loan that uses standard amortization. Adjust the inputs to run what-if scenarios, then take the numbers to your lender. Calculations happen locally in your browser and nothing is stored.
Calculate monthly loan payments, total interest, and a full amortization schedule for any loan.
Estimates use a fixed reducing-balance interest model with equal monthly payments. Actual loan terms may include fees, variable rates, or different compounding methods.
