Loan Calculator
Calculate monthly payment and total interest for equal-installment loans.
Monthly payment
1,520.06
Total interest
247,220.13
Total payment
547,220.13
Private & SecureRuns in your browser — nothing is uploaded
Easy to UseJust paste or type — instant results
Free ForeverUnlimited use, no sign-up
Fast & ReliableAdvanced tech, fast and stable
Before signing for a mortgage or a car loan, the question that matters is what you actually pay each month and how much goes to interest over the years. Enter the amount, rate and term to see the monthly payment and the total interest, for both equal-instalment and equal-principal repayment.
How to use: Loan Calculator
- 1Enter inputEnter the loan principal (total amount).
- 2Set optionsEnter the annual interest rate (%).
- 3ProcessEnter the loan term in years or months.
- 4Get resultClick Calculate to see the monthly payment, total interest and amortization schedule.
Common use cases
Compare two offersPut two rates or terms side by side to see which really costs less over the life of the loan.
Check affordabilitySee the monthly payment before you commit, so it fits your budget rather than surprising you.
Decide the termWatch how a shorter term raises the monthly payment but cuts the total interest.
Equal-instalment vs equal-principalSee how the two repayment styles differ in early payments and total interest.
Good to know
Two repayment styles, two shapesEqual-instalment keeps the monthly figure flat; equal-principal starts higher and falls. Equal-principal usually pays less interest overall.
The rate must match the periodAn annual rate is spread across the monthly payments. Enter the annual figure and let the tool handle the monthly maths, or you will be far off.
It is an estimate, not a quoteReal loans add fees, insurance and early-repayment rules a simple calculator does not model. Treat the result as a guide, not financial advice.
Rates can changeA variable-rate loan will not stay at one number, so a fixed-rate estimate is a best case for planning, not a promise.