Loan Calculator
Estimate monthly loan payments, total repayment and interest.
Enter your values
Use the fields below, then select Calculate. Your result appears immediately on this page.
How to use the Loan Calculator
Enter a principal, annual interest rate and term in months to estimate the regular monthly payment for a standard amortizing loan.
Formula / calculation logic
For a positive rate: Payment = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n is the number of payments. At 0% interest, payment = P ÷ n.
Worked example
A 10,000 loan at 6% annual interest for 36 months produces a monthly payment of about 304.22 before lender-specific fees or rounding.
Important notes
The estimate excludes origination fees, insurance, penalties, taxes and lender-specific payment conventions unless already included in the amount you enter.
Frequently asked questions
Does this show APR?
No. It uses the annual interest rate you enter and does not derive APR from fees.
Can real lender payments differ?
Yes. Lenders may use different compounding, fees, day-count rules and rounding.