Category: Calculators
Loan Calculator
Work out the monthly payment, total interest and total repaid
Enter an amount, an annual interest rate and a term in years to see the monthly payment, the number of payments, the total interest and the total repaid. Calculated in your browser.
Everything on this page is processed in your browser. Nothing is uploaded.
What this tool does
This uses the standard amortized payment formula, the one behind mortgages, car finance and most fixed-rate personal loans: every month you pay the same amount, part of which is interest on the outstanding balance and the rest of which reduces it. Amounts are plain numbers with no currency attached, so the same calculation works whatever you are borrowing in.
How to use it
- Enter the amount you plan to borrow.
- Enter the annual interest rate and the term in years.
- Read the monthly payment and the totals underneath.
Privacy
This tool runs entirely in your browser. Your input is never uploaded, stored or shared — closing the tab removes it.
Frequently asked questions
- Are my figures sent anywhere?
- No. The arithmetic runs in your browser, nothing is stored and nothing is transmitted. It is an estimate for planning, not an application.
- Does this include fees, taxes or insurance?
- No. It covers principal and interest only. Arrangement fees, property taxes and insurance are added by the lender on top of this figure.
- What if the interest rate is zero?
- The payment becomes the amount divided by the number of months, and the total interest is zero.