Calculate your monthly payment and total interest for any loan.
A loan calculator uses three inputs — loan amount, interest rate and loan term — to calculate your exact monthly payment and total interest paid. This helps you compare loan offers and understand the true cost of borrowing before you commit.
The fastest way to reduce loan interest is to make larger monthly payments, choose a shorter loan term, or negotiate a lower interest rate. Even a 1% reduction in interest rate can save thousands over the life of a loan.
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Browse Products on Selar →The formula uses your principal amount, monthly interest rate and number of payments. Our calculator does this automatically — just enter your loan details and get instant results.
Yes. This calculator works for personal loans, car loans, mortgages, business loans and any fixed-rate loan.