Loan Calculator
Estimate your monthly loan payment based on amount, interest rate and term.
Monthly payment
391.32
Number of payments60
Total interest3,479.38
Total repayment23,479.38
Formula: M = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is principal, r is the monthly rate, and n is the number of payments.
How It Works
- 1Enter the loan amount, interest rate and term.
- 2View your estimated monthly payment and total interest instantly.
Features
- Standard amortization formula
- Shows total interest and total repayment
Privacy
All calculations happen instantly in your browser. Nothing you enter is ever sent anywhere.
Frequently Asked Questions
No, this is a pure principal-and-interest estimate; real loans may include additional fees.