Loan Calculator
Calculate monthly payments, total interest and full repayment schedule for any loan
Repayment Schedule
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 💳 Calculate above to see your repayment schedule | ||||
How to Use the Loan Calculator
Enter your loan amount, annual interest rate, and repayment term to see your estimated monthly payment. Choose a loan type using the tabs above to load typical defaults for personal, auto, student, or business loans.
How Loan Payments Are Calculated
Loan payments use the same amortization formula as mortgages. Each monthly payment covers interest on the remaining balance plus a portion of the principal. As the balance decreases over time, less of each payment goes to interest and more goes toward repaying the principal.
What Is a Good Interest Rate for a Personal Loan?
Personal loan interest rates typically range from 5% to 36% depending on your credit score, income, and lender. Rates below 10% are considered good. Auto loans tend to have lower rates (4–8%) because the vehicle acts as collateral. Student loans vary by country and provider.
Should I Choose a Shorter or Longer Loan Term?
A shorter loan term means higher monthly payments but significantly less total interest paid. A longer term lowers your monthly payment but increases the total cost of the loan. Use the calculator to compare both scenarios before deciding.
Currency Support
Switch between USD, EUR, GBP, and PLN using the currency selector. All values update instantly.
// Compare Terms
Try different loan terms to see how monthly payments and total interest change.
// APR vs Rate
The annual interest rate shown here is the base rate. The APR includes fees and is the true cost of borrowing.
// Early Repayment
Paying extra each month reduces your balance faster and cuts total interest paid significantly.
// Credit Score
A higher credit score usually means a lower interest rate. Even a 1% difference saves thousands over the loan term.