Free Online Loan Calculator
Estimate monthly loan payment, total repayment, and total interest from amount, annual rate, and loan term.
About This Tool
This free online loan calculator helps you estimate monthly loan payments, total repayment, and total interest from a loan amount, annual interest rate, and repayment term. It is useful for personal loan planning, auto loan comparisons, simple borrowing estimates, and early budgeting before you apply with a lender. Instead of working through amortization formulas manually, you can enter the core loan details and get a fast estimate in your browser.
If you need a monthly loan payment calculator, loan interest calculator, or simple loan repayment calculator, this page is built for that workflow. You can compare shorter and longer terms, test how interest affects the total amount paid, and get a clearer picture of the full borrowing cost before making a decision.
Benefits and Use Cases
- Estimate monthly loan payment in seconds
- Compare different interest rates or repayment terms
- See total repayment and total interest before borrowing
- Use it for personal loans, auto loans, and simple finance planning
- Avoid manual loan formula mistakes
How to Use
- Enter the loan amount.
- Enter the annual interest rate.
- Enter the loan term and choose years or months.
- Review the monthly payment, total repayment, and total interest.
Frequently Asked Questions
What does this loan calculator show?
It shows estimated monthly payment, total repayment, and total interest for a fixed-rate loan.
Does it work with 0% interest?
Yes. If the interest rate is 0, the calculator divides the loan amount evenly across the repayment months.
Can I enter the term in years or months?
Yes. You can choose either years or months for the repayment term.
Does this include taxes, insurance, or lender fees?
No. This version only estimates the base loan repayment from amount, rate, and term.
Is my loan data stored?
No. The calculation runs locally in your browser.