Loan Calculator
Estimate monthly loan payments and totals using a standard amortized loan formula. Enter your loan amount, interest rate, and term to see results instantly.
Why use a loan calculator?
Benefits
- Quickly compare loan offers.
- Understand how rate and term affect payments.
- Estimate total interest paid over time.
Common use cases
- Budgeting for a personal loan or car loan.
- Sanity-checking lender quotes.
- Testing different repayment terms.
Field guide
Loan Amount: Principal borrowed.
APR (%): Annual percentage rate (e.g. 6.5).
Term (months): Repayment length in months.
Monthly Payment: Estimated payment each month (principal + interest).