Loan Calculator
Calculate monthly loan payments, total repayment amount, and interest cost instantly based on amount, term, and annual interest rate.
How to Use Loan Calculator
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Enter your loan amount (e.g., $100,000).
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Input the loan term in months (e.g., 12, 24, 60).
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Provide the annual interest rate as a percentage (e.g., 6).
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Click “Calculate” to get your monthly payment, total interest, and total repayment.
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Use “Sample” to view example values or click “Reset” to clear all fields.
Loan Calculator Key Features
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Calculates monthly payments, total loan cost, and total interest paid
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Supports any loan amount, term, and interest rate
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Fully compatible with fixed-rate amortized loans
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Instant in-browser results with no refresh or delays
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Optimized for personal loans, auto loans, mortgages, and business loans
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Works flawlessly on mobile, tablet, and desktop
Why Loan Calculator Is Best for Borrowing Analysis
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Instantly visualizes the cost of borrowing
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Compares multiple loan terms to find the most affordable option
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Great for budgeting and planning future repayments
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Helps avoid underestimating interest costs
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Works for both lenders and borrowers
Use Cases of Loan Calculator
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Estimate monthly payments for car loans, mortgages, or student loans
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Compare repayment totals for different loan terms and rates
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Analyze interest cost of short-term vs long-term borrowing
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Prepare for a bank loan or financing application with accurate data
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Determine how much interest you save by increasing monthly payments
Related Tools
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Percentage Calculator – Use for interest rate breakdowns or comparing principal and interest portions.
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PayPal Fee Calculator – Compare transaction costs alongside financing costs when selling or buying.
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Margin Calculator – Combine margin data with loan impact to assess profitability.
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Sales Tax Calculator – Add tax on financed products or services to estimate total cost of purchase.
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Confidence Interval Calculator – Use in financial modeling and forecasting scenarios with loan projections.
FAQs
What does this loan calculator do?
It calculates your monthly payment, total interest, and total loan repayment based on your input values.
What is the formula used?
It uses the amortization formula for fixed-rate loans:
M = P * r(1 + r)^n / ((1 + r)^n – 1)
where M = monthly payment, P = loan amount, r = monthly interest rate, and n = number of payments.
Can I calculate for any currency?
Yes. The values work regardless of currency type—just input numbers normally.
Can I enter decimal values?
Yes. All fields accept decimal values for accuracy.
Is this calculator only for mortgages?
No. It works for any loan type—personal, business, car, education, etc.
Does it account for compound interest?
Yes. The monthly payments and total interest are calculated using compound interest formulas.
Will it show me how much I’ll repay?
Yes. It shows your full repayment amount and the breakdown of interest.
Can I reset and try new values?
Yes. Click “Reset” to start fresh with a new calculation.
Is the tool responsive on mobile?
Yes. It is fully optimized for mobile and tablet use.
Is this tool free to use?
Yes. You can use it anytime with no registration or hidden fees.
🔒 Security & Privacy Notes
All data is processed entirely in your browser—nothing is sent or stored.
We do not save, track, or share your loan information or inputs.
The calculator runs locally, giving you full privacy and control over your financial planning.
For more information, view our full Privacy Policy
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