Loan & Interest Calculator

Q: What type of loans does this work for?

This calculator is for fixed-rate installment loans such as mortgages, car loans, and personal loans. It does not handle variable interest rates.

Q: What formula is used?

We use the annuity payment formula: P = (r × A) / (1 - (1+r)^-n), where P = monthly payment, A = loan amount, r = monthly interest rate, and n = number of months.

Calculate monthly payments, total interest paid, and an amortization schedule for fixed-rate loans.

Loan Details

Results

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Monthly Payment

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Total Payment

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Total Interest

Amortization Schedule (first 12 months)

Month	Payment	Principal	Interest	Balance

FAQ

What type of loans does this work for?

This calculator is for fixed-rate installment loans (e.g., mortgages, car loans, personal loans). It does not handle variable rates.

What formula is used?

We use the standard annuity payment formula: P = (r × A) / (1 - (1+r)^-n) where P = monthly payment, A = loan amount, r = monthly rate, n = total months.

Loan Calculator — Payment, Interest, and Term

Calculate your monthly loan payments quickly and accurately. This loan calculator helps you understand how much you’ll pay for mortgages, auto loans, or personal loans based on the principal, interest rate, and term.

The formula used is EMI = [P × r × (1 + r)ⁿ] / [(1 + r)ⁿ – 1], where P is the loan amount, r is the monthly interest rate, and n is the number of payments. Results show both total interest and full repayment amount.

Loan & Interest Calculator

Loan Details

Results

Amortization Schedule (first 12 months)

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FAQ

Loan Calculator — Payment, Interest, and Term