Loan Calculator
Work out the monthly payment, total interest and total cost of a loan. Everything is worked out in your browser; nothing you type is sent anywhere.
Also searched as: loan payment calculator · monthly payment calculator · personal loan calculator · car loan calculator
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How to use it
- 1
Enter the amount
Type the loan amount you are borrowing.
- 2
Add rate and term
Enter the yearly interest rate and the number of years.
- 3
Read the results
See the monthly payment, total interest and total paid.
Questions about loan calculator
How is the payment worked out?
With the standard amortized-loan formula using the monthly rate and the number of months.
Is my information private?
Yes. The numbers are worked out on your device and never sent to a server.
Does it show a currency symbol?
No. Results are plain numbers, so they fit any currency.
Reading your results
The calculator shows your monthly payment, the total interest, and the total you will pay back. Comparing these figures for different amounts, rates and terms is the quickest way to see the real cost of borrowing.
A longer term lowers the monthly payment but increases the total interest, sometimes by thousands. The numbers are estimates based on a fixed rate; fees, insurance and variable rates will change what you actually pay, so confirm the details with your lender before you decide.