Free Loan Calculator – Monthly Payment & Total Interest
Find out your exact monthly loan repayment, total interest paid, and overall cost. Works for personal loans, auto loans, and any fixed-rate borrowing.
Results
What is this tool?
A free Loan Calculator helps you estimate the monthly repayment, total interest, and total cost of any fixed-rate loan before you commit. It uses the standard amortisation formula, so results match what lenders calculate. Borrowers use it to compare loan offers, check affordability, and plan budgets for personal loans, car loans, education loans, and more.
How to use this tool?
1. Enter the loan amount (principal)
2. Enter the annual interest rate (%)
3. Set the loan term in years
4. Optionally set the start date for an amortisation schedule
5. Click "Calculate" to see your monthly payment
6. Review the full breakdown: interest paid, total cost, and amortisation chart