Loan Payment Calculator
Estimate fixed monthly loan payments, interest and repayment totals. Adjust the assumptions and explore the result. Nothing is sent to our servers.
How to interpret this: Currency selection changes only the symbol and formatting, not any exchange rate. All growth calculations use a fixed-rate, end-of-month-contribution model; results are examples, not offers or forecasts.
How the monthly loan payment is calculated
The estimate uses the standard fixed-rate amortization formula: monthly payment = principal × monthly rate / [1 − (1 + monthly rate)^(−number of months)]. If the interest rate is zero, payment equals principal divided by the number of months.
The total interest is the sum of all equal payments minus the amount originally borrowed. Longer terms usually reduce the monthly payment but increase total interest at the same rate.
Before accepting a loan, compare the lender’s actual APR, fees, repayment schedule, prepayment terms and total amount payable.
Important limitation: This simplified model does not calculate upfront fees, variable rates, balloon payments, skipped payments or differences in local APR definitions.
Related reading
Compound interest explained · Building an emergency fund · Financial disclaimer
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