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Loan Calculator

Calculate monthly payment, total repayment, interest cost and total loan cost quickly, clearly and directly in your browser.

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Estimate monthly payment, total repayment, interest cost and total loan cost. It is especially useful for personal loans, installment credit, car loans and many private financing scenarios. You can directly compare different terms, interest rates, fees and upfront contributions.

Display currencyChoose the currency symbol for entered amounts and results. No exchange-rate conversion is applied.
UnitsChoose metric, US or UK units for distance, area, volume and car consumption.
$
Total borrowed amount before interest. Example: $20,000.
%
Use the effective annual interest rate from the real offer whenever possible.
months
A longer term often lowers the monthly payment, but usually increases total cost.
$
Only enter costs that are not already included in the effective annual rate. Otherwise they may be counted twice.
$
This amount is deducted at the start. For true extra repayments during the term, use the extra repayment calculator.
FAQ

Frequently asked questions

How do you calculate the monthly payment for a loan?

The monthly payment depends on loan amount, interest rate and term. For a standard annuity-style loan, the payment usually stays constant over the full term.

What matters more: a low monthly payment or a short term?

Both matter and should be considered together. A lower monthly payment reduces short-term pressure, but often increases total cost. A shorter term usually increases the payment, but may reduce total interest cost.

How much does the interest rate affect total cost?

Even a small difference in interest rate can noticeably change the total cost of a loan. The larger the loan amount and the longer the term, the more important that difference becomes.

Are fees included in the calculator?

Yes. One-time fees can be entered separately and are added to the total cost of the loan.

What is the benefit of an upfront contribution?

An upfront contribution lowers the financed amount from the start. In many cases this reduces interest cost and overall loan cost.

Are the results binding?

No. The calculator is intended for general guidance and first estimates only. The exact terms of the real loan offer are what matter.

Can I compare multiple loan offers with this tool?

Yes. That is one of its main strengths. You can change term, interest rate, fees and upfront contribution and compare the results directly.

Does this replace financial advice?

No. It supports planning and first comparisons, but important financial decisions should be based on real offers and, when needed, independent advice.