Loan Calculator
Calculate monthly loan payments from principal, annual rate, and term in months. Useful for personal loans and installment plans.
How it works
- 1
Enter your values in the fields.
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Results update automatically as you type.
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Use Reset to clear and try another scenario.
Why use this calculator
- Clear monthly payment
- Total interest breakdown
- Flexible term in months
- Private — runs in your browser
Personal loan payment estimates
This loan calculator uses standard amortization to estimate fixed monthly payments. Adjust rate and months to see how term length changes cost.
How to read the results
Monthly payment is what you would pay each month. Total payment and total interest show the full cost of borrowing at the rate you entered.
Frequently asked questions
Can I use this for car loans?
Yes, as a rough estimate. Fees and insurance are not included.
Is compounding monthly?
Yes. The estimate assumes monthly compounding typical of consumer loans.
Why months instead of years?
Months make short personal loans easier to model precisely.