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Loan Calculator

Calculate monthly payments, total interest and more

About Loan Calculator

Calculate monthly loan payments, total interest, and view a detailed repayment schedule — entirely in your browser.

How to use Loan Calculator

  1. 1Enter the loan amount you wish to borrow.
  2. 2Set the annual interest rate as a percentage.
  3. 3Choose the loan term in years or months.
  4. 4Click Calculate to see your monthly payment, total payment, and total interest.
  5. 5Review the rate comparison table to see how different rates affect your payments.
  6. 6Scroll down to view the first 24 months of your repayment schedule with principal/interest breakdown.

Tips

  • Use the rate comparison table to negotiate better terms with your lender.
  • Even a 0.5% rate difference can save thousands over a long-term loan.
  • Compare different loan terms — shorter terms mean higher payments but much less total interest.

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OneKitTools TeamUpdated 2.21.4