Loan Calculator
Calculate monthly loan payments, total interest, and amortization schedule. Perfect for personal loans, auto loans, student loans, and more.
Loan Details
Optional: Extra Payment
Additional amount paid each month toward principal
Loan Payment Summary
First Payment Breakdown
How the Loan Calculator Works
Understanding loan calculations helps you make better borrowing decisions and save money.
Loan Details
Enter your loan amount, interest rate, and term to get started.
Payment Calculation
We calculate your monthly payment using the standard loan formula.
Interest Analysis
See how much you'll pay in total interest over the life of the loan.
Extra Payments
Calculate savings from making extra principal payments.
Common Loan Types
Our calculator works for various types of loans with fixed interest rates
Personal Loans
Unsecured loans for debt consolidation, home improvement, or major purchases. Typically 2-7 years with rates from 6-36%.
- • Fixed monthly payments
- • No collateral required
- • Quick approval process
Auto Loans
Secured loans for vehicle purchases. The car serves as collateral, typically offering lower rates than personal loans.
- • Lower interest rates
- • Terms up to 7 years
- • Vehicle as collateral
Student Loans
Education financing with various repayment options. Federal loans often have better terms than private loans.
- • Flexible repayment options
- • Potential loan forgiveness
- • Deferment options
Related Financial Calculators
Explore other calculators to help with your financial planning
Auto Loan Calculator
Calculate car loan payments
Mortgage Calculator
Calculate home loan payments
Debt Payoff Calculator
Plan debt elimination strategy
All Financial Tools
Browse all financial calculators