Enter your numbers
Adjust any field and recalculate — figures are pre-filled with a typical example.
Results will appear here.
How it works
Formula & explanation
Loan Calculator uses the following calculation:
M = P × [ r(1+r)n ] / [ (1+r)n − 1 ]
This is a simplified model intended for planning and education. Real-world offers from lenders, institutions, or tax authorities may include additional fees, rules, or adjustments not reflected here.
FAQ
Frequently asked questions
What loan types can this be used for?
Any fixed-rate, fixed-term loan with regular payments — personal loans, equipment loans, and more.
How accurate is this estimate?
It reflects the standard amortization formula lenders use, but actual offers may include fees or rate adjustments not captured here.
What's the effect of a shorter term?
A shorter term raises the monthly payment but substantially reduces total interest paid.
Related