Loan Calculator | Estimate Your Monthly Payments

Welcome to our Loan Calculator! Here you can quickly simulate repayment schedules for mortgages, auto loans, education loans, and personal loans. By varying interest rates and repayment methods, you can find a plan that best suits your lifestyle and financial goals. Knowing your total repayment and interest costs in advance can help you plan your budget more effectively.

Loan Amount:

Interest Rate (% per year):

Loan Term:

Years Months

Repayment Method:

Equal Payment Equal Principal

Repayment Start:

Loan Basics & Advice

Even small differences in interest rates can lead to large variations in total repayment costs. Consider whether you prefer a fixed or variable interest rate, and compare “equal payment” (where principal plus interest is the same each month) with “equal principal” (where you pay off the same principal amount each month).
Think about future changes to your income or expenses to avoid financial strain. With mortgage loans, you often commit to many years of payments, so it’s important to consider potential changes in interest rates over time or the possibility of applying bonus payments to shorten the repayment term.
Auto and personal loans tend to be shorter but can come with higher interest rates, so check multiple lenders for the best deal. If you have existing loans, refinancing can sometimes reduce your monthly payments or total interest if you find a more favorable rate.

Disclaimer

The results of this calculator are approximations and do not guarantee exact figures. Your final loan details, including interest rates and total repayment amounts, may vary depending on the lender’s terms and conditions.

Always consult with your lender or financial advisor for precise information. This site is not offering financial advice or recommendations; all actions are taken at your own risk.