Loan Calculator
Calculate monthly loan payments, total interest paid, and full amortization schedule. Free online loan calculator — ideal for personal loans, auto loans, and student debt planning.
Enter all values
Frequently Asked Questions
How is the monthly payment calculated?
Using the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1] where P is principal, r is monthly interest rate, and n is number of payments.
How to Use
Enter Loan Details
Input loan amount, interest rate, and loan term.
Calculate
See monthly payment, total interest, and total amount paid.
Compare
Adjust values to compare different loan scenarios.
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