Loading…
Calculators
Calculate loan payments, total cost, and interest for any loan type. Supports fixed-rate, simple interest, and balloon payment modes. Includes a visual repayment chart.
Follow these simple steps to get instant, accurate results directly in your browser:
Input the total principal sum you plan to borrow.
Enter the annual interest rate (APR) and loan tenure (in months or years).
Inspect your monthly payment, total interest cost, and payoff milestones.
The Loan Calculator computes monthly payments, overall borrowing costs, and detailed amortization schedules for personal loans, student loans, and business financing.
The calculator calculates payments based on the standard fixed-rate debt amortization model. By adjusting the loan amount, interest rate, and term length, borrowers can examine the exact trade-off between manageable monthly payments and total interest paid over the life of the loan.
All calculations run client-side in your web browser. Your confidential financial figures are processed in local memory without server uploads.
Disclaimer: This tool is provided for educational and estimation purposes only and does not constitute financial or tax advice. Consult a certified financial advisor or accountant for formal planning.
Payment = P * [r(1 + r)^n] / [(1 + r)^n - 1]Where P is principal, r is periodic interest rate (annual rate / 12), and n is total payment periods (months).
Loan Amount P = $20,000 Annual Rate = 8.5% -> Monthly rate r = 0.085 / 12 = 0.0070833 Term = 5 Years (60 months) Monthly Payment = 20,000 * [0.0070833 * (1.0070833)^60] / [(1.0070833)^60 - 1] = $410.33 Total Paid = $24,620.00 (Total Interest: $4,620.00).
Our calculation methodologies adhere to published guidelines from authoritative government agencies and standards bodies:
Computes exact payment amounts down to the cent using standard financial math.
Clearly separates borrowed principal from total finance interest charges.
Year-by-year and month-by-month repayment tracking.
Your loan figures are processed locally in your browser session.
Model monthly payments when consolidating credit card balances into a lower-rate personal loan.
Calculate monthly obligations and overall interest on college education loans.
Evaluate commercial equipment and working capital financing repayments.
Explore complementary utilities for your workflow