Loan Calculator
Calculate the monthly payment on a loan, the total you'll repay, and the total interest, using the standard amortization system (fixed payment, also known as the French amortization method) — the most common method for personal, mortgage, and auto loans.
How it works
- Enter the total loan amount you want to borrow.
- Enter the annual interest rate (%) offered by the lender.
- Enter the loan term and choose whether to express it in months or years.
- The calculator applies the standard amortization formula and shows the monthly payment, total amount repaid, and total interest.
Use cases
- Comparing loan offers from different banks before deciding.
- Estimating the monthly payment on a mortgage or auto loan.
- Calculating how much extra interest you'd pay by extending the loan term.
- Planning your monthly budget before applying for a personal loan.