Understanding your loan repayments is important for your financial planning. Our loan calculator helps you estimate your monthly payments, total interest, and the overall cost of your loan, empowering you to make informed decisions.
Calculate your monthly or yearly loan payments easily.
Our Loan Calculator helps you estimate monthly repayments, interest costs, and total loan expenses with ease. Whether you’re taking a personal loan, home loan, car loan, or business loan, use this free tool to plan your finances better.
Using our Loan Calculator is simple and takes only a few seconds:
Example: If you borrow $10,000 at 5% interest for 5 years, your estimated monthly payment is $188.71, with a total interest of $1,322.74.
Different loans have different repayment structures. Our calculator covers:
This calculator is used for unsecured loans like medical bills, education, or travel. Typically has fixed interest rates. Monthly payments remain the same throughout the loan tenure.
This calculator is used for purchasing a house. Interest rates can be fixed or variable. It shows an amortization schedule (a breakdown of principal and interest payments).
This calculator helps you calculate monthly car loan payments. It includes factors such as down payment, loan tenure, and Annual Percentage Rate (APR).
This calculator estimates repayments for small business or corporate loans. It can factor in balloon payments and compound interest.
This calculator helps calculate repayments for federal or private student loans. It includes options for deferment and interest-only payments.
Example: If you borrow $10,000 at 5% interest for 5 years, your estimated monthly payment is $188.71, with a total interest of $1,322.74.
Understanding loan payments is essential before borrowing money. Here’s how your monthly payment is calculated:
The monthly payment (M) is calculated using the formula:
M = (P × r × (1 + r)n) / ((1 + r)n - 1)
You can use the loan formula above or try an online calculator like ours for instant results.
Yes, but for variable rates, you must adjust the interest rate manually when it changes.
Yes! Our Loan Calculator works for personal, home, car, and business loans.
No, this calculator only estimates principal + interest. For additional costs, check your loan provider’s terms.
Yes, this tool is completely free and runs entirely in your browser for maximum security and privacy.