How does this calculator work?

Enter the requested values, select the appropriate options, then calculate. The result is an estimate based on the formula used by this calculator.

Are calculator results guaranteed to be exact?

Results are estimates based on the inputs and formula used by the calculator. Review the assumptions and use professional advice where appropriate.

ONLINE CALCULATOR

Loan Calculator

Loan amountAnnual interest rate (%)Term (years)

ResultCalculated for the selected inputs

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What Is the Loan Calculator?

A loan calculator estimates regular payments and the total amount repaid from the loan amount, interest rate and term. Use it to compare different borrowing amounts and repayment periods before making a financing decision.

How to Use the Loan Calculator

Enter the values requested by the calculator.
Check the units and assumptions for each field.
Select Calculate to generate the result.
Change an input and calculate again if you want to compare scenarios.

Calculation Method

For a standard amortizing loan, payment = P × [r(1+r)^n] / [(1+r)^n − 1].

Example

Example: enter the values relevant to your Loan Calculator scenario, calculate the result, and then change one input at a time to see how that specific variable affects the outcome.

Understanding the Result

The result is determined by the inputs required for Loan Calculator, the units used, and the assumptions built into its calculation. Review each field before comparing results.

Tips and Notes

For a useful comparison, keep units consistent and test more than one realistic scenario. When the result affects an important financial, health, legal, or technical decision, verify key assumptions with an appropriate authoritative source.