Loan Calculator

Calculate loan payments, total interest, and amortization schedule for personal loans. Enter Loan Amount ($), Annual Interest Rate (%) and Loan Term (years) to get Monthl

Parameters

Enter the required details below

Ready to Calculate

Enter your parameters and click calculate to see the results here.

How to Use

Enter Loan Amount ($).
Enter Annual Interest Rate (%).
Enter Loan Term (years).
Click Calculate to see Monthly Payment, Total Payment and Total Interest.
Check the result. Use Reset if you want to try different numbers.

About This Calculator

Calculate loan payments, total interest, and amortization schedule for personal loans. This tool is in the Financial Calculators collection on Qalculators. Enter Loan Amount ($), Annual Interest Rate (%) and Loan Term (years) to calculate Monthly Payment, Total Payment and Total Interest. Results stay in your browser unless you copy them.

Frequently asked questions

What does Loan Calculator calculate?+

Calculate loan payments, total interest, and amortization schedule for personal loans. You enter Loan Amount ($), Annual Interest Rate (%) and Loan Term (years) and receive Monthly Payment, Total Payment and Total Interest.

What information do I need for Loan Calculator?+

You need Loan Amount ($), Annual Interest Rate (%) and Loan Term (years). Optional fields can stay at their defaults.

Is Loan Calculator free to use?+

Yes. Loan Calculator is free and does not require an account. The calculation runs in your browser.

Guides for this calculator

What an extra loan payment actually saves

One extra payment does not just shorten the calendar. It cuts the interest that would have been charged on the remaining principal. Here is how to see the difference before you send the money.