Estimate your monthly loan payment, total interest, repayment amount and payoff schedule for home loans, personal loans, auto loans, education loans and business loans.
Enter your loan amount, interest rate, repayment term and optional extra monthly payment.
Instantly calculate your monthly payment, total interest and overall repayment amount.
Review your payment breakdown, interest savings and payoff analysis.
1–3 Years
3–7 Years
7–15 Years
15–30 Years
Up to 20 Years
| Loan Type | Typical Rate |
|---|---|
| Home Loan | 7%–10% |
| Auto Loan | 8%–14% |
| Personal Loan | 10%–24% |
| Education Loan | 8%–15% |
| Business Loan | 9%–20% |
Where P is the loan amount, r is the monthly interest rate and n is the total number of monthly payments.
A Loan Calculator helps you estimate your monthly loan payments, total interest costs and total repayment amount before applying for a loan. It is useful for comparing different loan amounts, repayment periods and interest rates so you can choose an option that fits your budget.
Whether you're applying for a home loan, personal loan, auto loan, education loan or business loan, this calculator provides quick estimates to help you make informed financial decisions.
A loan is money borrowed from a lender that must be repaid over time with interest. Borrowers agree to repay the principal amount plus interest through regular scheduled payments until the loan is fully paid.
The original amount borrowed from the lender.
The cost of borrowing money, usually expressed as an annual percentage rate (APR).
This Loan Calculator provides estimated payment values based on the information you enter. Actual monthly payments, interest charges, fees and repayment schedules may vary depending on your lender, loan agreement and applicable regulations. Always verify final loan terms with your financial institution before making borrowing decisions.
A loan calculator estimates your monthly payments, total interest and total repayment amount based on the loan amount, interest rate and repayment period.
Yes. It uses standard loan payment formulas to provide reliable estimates. Actual loan terms may vary depending on your lender.
Yes. Extra payments generally reduce the outstanding balance faster, helping lower the total interest paid over the life of the loan.
You can estimate payments for home loans, personal loans, auto loans, education loans, business loans and many other installment loans.
Yes. The Loan Calculator is completely free to use and works on desktop, tablet and mobile devices.
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