Loan Calculator helps you easily calculate monthly payments, interest cost, and total repayment for any loan. Just enter the loan amount, interest rate, and term to see instant results.
This monthly loan payment calculator works for personal loans, auto loans, mortgages, student loans, and any fixed-rate loan.
Loan Calculator (PRO++)
How the Loan Calculator Works
This loan payment calculator uses the standard amortization formula to compute monthly payments based on loan amount, interest rate, and term.
What This Loan Calculator Shows
- Monthly payment amount
- Total interest paid
- Total repayment amount
- Loan duration in months
Types of Loans You Can Calculate
- Personal loans
- Auto loans (car loans)
- Mortgages
- Student loans
- Business loans
Why Use an Online Loan Payment Calculator?
Understanding loan costs is essential when budgeting. This tool helps you compare loan options, interest rates, and repayment schedules instantly.
Examples
- $10,000 for 3 years at 5%: → $299.71 monthly
- $20,000 for 5 years at 6%: → $386.66 monthly
- $250,000 mortgage at 4%: → $1,193.54 monthly
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FAQs – Loan Calculator
How do I calculate monthly loan payments?
Enter the loan amount, interest rate, and term. The tool shows your monthly payment instantly.
What formula does this tool use?
It uses the standard amortization formula for fixed-rate loans.
Can I calculate mortgage or car loan payments?
Yes. The calculator works for any type of fixed-rate loan.
Does the calculator show total interest?
Yes. It displays total interest paid over the loan term.
Is this Loan Calculator free?
Yes. It is 100% free to use.