Loan Calculator
Calculate monthly repayments, total paid, and interest for personal or business loans.
Inputs
Result
Enter values on the left and select Equals to see the result here.
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What the Loan Calculator does
- Calculates the monthly payment for a fixed-rate loan.
- Shows total payment and total interest over the full term.
How to use the Loan Calculator
- Select your currency (GBP/EUR/USD).
- Enter loan amount, annual interest rate, and loan term in years.
- Click Calculate to see monthly and total costs.
Formula / methodology used
- Monthly rate (r) = annual rate ÷ 12 ÷ 100; payments (n) = years × 12.
- Monthly payment uses the standard amortization formula; if (r = 0) uses principal ÷ n.
Example calculation
Loan $10,000 at 6% for 3 years.
- r = 0.06 ÷ 12
- n = 36
- Compute monthly payment and totals
Result: Outputs show monthly payment, total paid, and total interest.
Loan Calculator FAQs
Does this include fees or compounding variations?
No. It assumes a simple fixed-rate amortized loan without fees. Add fees by increasing the loan amount.