Loan Calculator
Estimate your monthly loan payments and total repayment.
How to use
- Enter the loan amount.
- Enter the annual interest rate.
- Select the loan term in months or years.
- Click calculate to see monthly payments and total cost.
Formula
Monthly payment = P Γ r Γ (1+r)^n / ((1+r)^n β 1)
Loan Calculator
Calculate monthly payments easily.
Frequently Asked Questions
Can I calculate different interest rates? βΌ
Yes, adjust the rate to see how your payments change.
Does it include fees? βΌ
This calculator includes only principal and interest, not additional fees.