Loan Calculator
Use this free loan calculator to estimate monthly payments, total repayment, and total interest for personal loans, auto loans, student loans, and other installment loans.
How to use this calculator
Enter the loan amount, annual interest rate, and loan term in years. Then click Calculate Loan to estimate the monthly payment and total cost of the loan.
About this calculator
A loan calculator estimates the fixed monthly payment needed to repay a loan over time. It uses the loan amount, interest rate, and repayment period to calculate monthly payments, total repayment, and interest.
Frequently Asked Questions
Is this loan calculator free?
Yes. This loan calculator is free to use.
Can I use this for car loans or personal loans?
Yes. You can use it for personal loans, car loans, student loans, business loans, and other fixed-payment loans.
Does this include fees or taxes?
No. This version estimates loan payments based on principal, interest rate, and term only.