Loan Calculator
Find your monthly loan payment in seconds. The loan calculator works for personal, auto, and student loans: enter the amount, annual interest rate, and term, and it returns your fixed monthly payment plus total interest and total repayment so you can compare offers before borrowing.
Monthly Payment
$0
$0
Total Payment
$0
Total Interest
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How to Use the Loan Calculator
- Enter the loan amount you want to borrow.
- Add the annual interest rate from your lenderΚΌs quote.
- Set the loan term and choose years or months.
- Click Calculate to reveal your monthly payment, total payment, and total interest.
Formula Used
- P
- β loan principal
- r
- β monthly interest rate (annual / 12 / 100)
- n
- β number of monthly payments
Example: A $20,000 loan at 9% over 5 years (60 payments) costs about $415 per month, with $4,905 total interest.
Frequently asked questions
Everything you need to know about this calculator.
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