Loan Calculator

What does this loan calculator do?

This loan repayment calculator helps estimate monthly payments, total repayment amount and total interest over the life of a loan. It can be used for personal loans, car loans and other fixed-rate borrowing.

• Calculates estimated monthly loan repayments
• Shows the total amount repaid over the loan term
• Shows the estimated total interest paid
• Works with personal loans, car loans and other fixed-rate loans

How loan repayments are calculated

Loan repayments are calculated using the loan amount, annual interest rate and repayment term. The calculator estimates equal monthly repayments over the full term of the loan.

• The calculator uses the loan amount, annual interest rate and loan term
• The interest rate is converted into a monthly rate
• The loan term is converted into total monthly payments
• The result is an estimate and may not include lender fees or charges