Loan Calculator
Work out the monthly payment, total interest and total cost of any personal, auto or business loan.
Monthly Payment
$0
| Total repayment | $0 |
| Total interest | $0 |
| Number of payments | 0 |
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How loan repayments are calculated
The calculator uses the standard amortization formula M = P · r · (1 + r)n / ((1 + r)n − 1), where P is the amount borrowed, r is the monthly interest rate, and n is the number of monthly payments.
Reduce the total interest you pay
- Choose a shorter term — payments are higher but total interest is much lower.
- Make extra repayments when you can to cut the balance faster.
- Compare the APR (not just the rate) across lenders.