Loan Calculator
Compare loan repayment options across amount, rate and tenure.
Calculated locally in your browser. Nothing you enter is uploaded or stored.
Overview
A general-purpose loan calculator showing your monthly payment, total interest and full amortization schedule for any fixed-rate loan.
How to use it
- 1Enter the loan amount, annual interest rate and term.
- 2View the monthly payment and complete amortization table.
- 3Adjust any field to instantly recalculate.
Formula
Monthly payment
M = P × r × (1 + r)^n / ((1 + r)^n − 1)
Same reducing-balance formula used for mortgages, auto loans and personal loans.
Tips
- This calculator provides an estimate for planning purposes only and is not financial advice.
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