Loan Calculator

Loan Calculator

The Loan Calculator helps you estimate monthly payments, total repayment, and total interest by entering your loan amount, interest rate, and term. Whether you’re comparing a personal loan, mortgage, or auto financing, this tool lets you test multiple scenarios quickly so you can understand affordability and the long-term cost of borrowing. Results are estimates and may differ from lender offers due to fees, insurance, taxes, or rate calculation methods.

Tip For more realistic results, use the annual percentage rate (APR) if available, and double-check whether your rate input is annual or monthly. What you can calculate

This calculator provides a clear snapshot of your loan costs: the expected monthly payment, the total amount you repay over the full term, and the total interest paid. Comparing different terms and rates is useful because a lower monthly payment can sometimes mean a higher total cost if the term is longer. Always review total repayment, not just the monthly number.

Monthly Payment

An estimated payment amount due each month for the chosen term.

Total Repayment

The sum of principal and interest across the full repayment period.

Total Interest

The estimated interest cost you pay on top of the borrowed amount.

How to use

1. Enter the loan amount (principal).
2. Enter the interest rate (APR or stated rate).
3. Select the term (months or years, depending on your tool setup).
4. Click calculate to view monthly payment, total repayment, and total interest.

Important notes

• Lender fees, insurance, and taxes can increase your real total cost.
• Variable-rate loans may change over time, so results remain estimates.
• Prepayments can reduce total interest—check your lender’s early repayment rules.

Frequently Asked Questions

Is this the same as my bank’s offer?

It’s a close estimate, but banks may include fees, insurance, and different compounding methods. Always confirm with an official quote.

What does total interest mean?

Total interest is the estimated interest cost you pay over the full term, on top of the principal you borrowed.

Can I compare multiple scenarios?

Yes—try different terms and rates to see how monthly payments and total repayment change. This helps you pick a cost-effective option. This page is for informational purposes only. Actual loan terms and costs may vary by lender.