Loan Calculator
Calculate monthly loan payments and total interest for personal, auto, business, or student loans with detailed payment schedules.
Loan Details
Loan Types
Personal Loan
Unsecured loans for personal expenses, debt consolidation, or major purchases.
Auto Loan
Secured loans specifically for purchasing vehicles, typically with lower rates.
Business Loan
Financing for business operations, equipment, or expansion projects.
Student Loan
Educational financing with favorable terms and repayment options.
Loan Tips
- •Compare rates from multiple lenders
- •Consider shorter terms to save on interest
- •Check for prepayment penalties
- •Maintain good credit for better rates
- •Consider making extra principal payments
About Loan Calculations
How Loans Work
- •Monthly payments include both principal and interest
- •Early payments go mostly toward interest
- •Later payments apply more to principal
- •Interest is calculated on the remaining balance
Smart Borrowing Tips
- •Borrow only what you need and can afford
- •Shop around for the best interest rates
- •Read all terms and conditions carefully
- •Consider the total cost, not just monthly payments