About this tool
Estimate monthly loan payments, total interest, and total repayment.
This tool runs directly in your browser and requires no account.
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Loan Payment Calculator
Estimate monthly loan payments, total interest, and total repayment.
Loan Payment Calculator
How to use the Loan Payment Calculator
Estimate the monthly payment on a fixed-rate loan and see how much interest you may pay over the full term. This is useful for personal loans, equipment financing, and other installment loans.
How the calculation works
The calculator uses the standard amortizing-loan payment formula based on principal, monthly interest rate, and number of monthly payments.
Example / tip
Try the same loan amount with different interest rates or terms to see the tradeoff between a lower monthly payment and greater total interest.
Frequently asked questions
Does a longer loan term lower the payment?
Usually, yes, but a longer term can increase the total interest paid.
What does APR mean here?
APR is entered as the annual percentage rate used to estimate the monthly interest rate.
Are lender fees included?
No. Fees and other charges are not included unless they are part of the amount you enter.