Loan Calculator

Calculate your monthly loan payment, total interest, and total cost. Works for personal loans, car loans, and more.

Loan Amount ($):

Annual Interest Rate (%):

Loan Term (months):

How to Calculate Loan Payments

Monthly payment = P × r(1+r)^n / ((1+r)^n − 1), where P = principal, r = monthly rate, n = number of payments.

Frequently Asked Questions

What is a loan calculator?
A loan calculator estimates your monthly payment, total interest, and total repayment based on loan amount, rate, and term.

How do I reduce loan interest?
Choose a shorter term, make extra payments, or refinance at a lower rate.

What is a good interest rate for a personal loan?
Rates vary by credit score. Rates below 10% APR are generally considered good.