Loan Calculator
Calculate loan payments, interest rates, and repayment schedules for any loan type
Choose Loan Type
Loan Details
Vehicle Details
Business Details
Typical Personal Loan Rates
Calculation Results
Loan Summary
Payment Breakdown
Payment Schedule Preview
| Payment # | Payment | Principal | Interest | Balance |
|---|
Enter loan details to calculate
Fill in the loan amount, interest rate, and term above
Loan Calculator FAQ
How is the monthly payment on an amortizing loan calculated?
Each payment covers the interest accrued that month plus a slice of principal. As the balance shrinks, the interest portion shrinks too, so later payments pay down principal faster. The calculator applies the standard amortization formula.
What is an amortization schedule?
It is a month by month table showing how each payment splits between interest and principal, plus the remaining balance. The schedule reveals exactly when your balance passes certain milestones.
How do extra payments shorten my loan?
Additional principal payments reduce the balance immediately, which cuts future interest and ends the loan earlier. The calculator shows the new payoff date and total interest saved.
Related Loan Calculators
Mortgage Calculator
Calculate monthly mortgage payments, total interest, and amortization schedules
VAT Calculator
Calculate VAT (Value Added Tax), add or remove VAT from prices
Bivariate Statistics Calculator
Comprehensive bivariate statistics calculator for Ox, Oy on Financial analysis, correlation, and regression