Simple Loan Payment Calculator

Whether you're planning to buy a car, consolidate debt, or take out a personal loan, our Loan Calculator helps you estimate your monthly payments and total interest costs. Visualizing the cost of borrowing can help you make smarter financial decisions.

How It Works

Loan Amount: The total amount you wish to borrow.
Interest Rate: The annual percentage rate (APR) of the loan.
Loan Term: How many years you have to repay the loan.

Definition of Terms

Principal: The original sum of money borrowed in a loan.
Interest: The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
Term: The amount of time over which the loan is repaid.