Loan Calculator
Calculate monthly payments for personal and auto loans.
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About Loan Calculator
Calculate monthly payments and total interest for auto, personal, or any fixed-rate loans. Simple, fast, and free online loan calculator.
How to Use
- 1
Enter loan amount
Input the total amount you are borrowing.
- 2
Provide interest rate
Enter the annual interest rate (APR) for the loan.
- 3
Set loan term
Enter the duration of the loan in years or months.
Examples
Auto Loan
Input:
$25,000 loan, 7% interest, 60 monthsOutput:
$495.03/monthFrequently Asked Questions
Can I use this for auto loans?
Yes, this calculator works perfectly for auto loans, personal loans, and any other fixed-rate installment loans.
What is an amortization schedule?
An amortization schedule breaks down each monthly payment into principal and interest portions over the life of the loan.