Calculate your monthly loan payments and total interest
The Loan Calculator helps users estimate loan repayments and interest costs before taking a loan. By entering loan amount, interest rate, and repayment period, users can understand their financial commitment clearly. This tool is ideal for planning personal, auto, or business loans with confidence.
Financing a new vehicle
Debt consolidation loan
Kitchen renovation loan
Input the total amount you need to borrow for your purchase or project.
Enter the annual percentage rate (APR) quoted by your lender.
Select the repayment period in years or months that works for your budget.
Analyze your monthly payment, total interest, and overall loan cost.
The monthly payment includes principal and interest only. It may not include insurance, taxes, or additional fees that might be required.
Longer terms result in lower monthly payments but more total interest paid. Shorter terms mean higher monthly payments but less interest overall.
Interest rates vary by loan type, credit score, and market conditions. Personal loans: 6-36%, Auto loans: 3-10%, Home improvement: 5-15%. Shop around for the best rates.
Choose based on your budget and financial goals. Shorter terms save money on interest but require higher monthly payments. Longer terms offer lower payments but cost more overall.