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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.

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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

1

Enter Loan Details

Input loan amount, interest rate, and loan term.

2

Calculate

See monthly payment, total interest, and total amount paid.

3

Compare

Adjust values to compare different loan scenarios.