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Loan Calculator

Calculate monthly repayments, total interest payable and total cost for any loan.

Monthly PaymentTotal Interest

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per month

About this tool

Calculate monthly repayments, total interest payable and total cost for any loan.

About this tool

Calculate monthly repayments, total interest payable and total cost for any loan. This tool gives a general estimate to help with everyday planning — for anything with real financial consequences, it's worth confirming the numbers with a professional.

How to use it

  1. Fill in the amounts and rates relevant to your situation.
  2. Adjust the term, frequency or scenario fields to match your circumstances.
  3. Hit calculate to see the full breakdown, not just a single figure.
  4. Try a few different scenarios side by side before making a decision.

Common use cases

  • Comparing a few different offers or rates before committing.
  • Working out whether a purchase or loan fits your budget.
  • Getting a ballpark figure before speaking to a broker or accountant.
  • Checking your own numbers against what a provider has quoted you.

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Frequently Asked Questions

Monthly repayment uses the standard amortisation formula: P × r(1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly rate, and n is total months.

This calculator shows principal and interest only. Check with your lender for any additional fees or charges.

Total interest is the total amount paid above the principal over the life of the loan.

About this calculator

Calculate your loan repayments, total interest and full amortisation summary. Supports any loan amount and term. The Loan Calculator page explains what the tool or support page provides, what information is needed and how to use the result or guidance for an everyday task.

Use Loan Calculator when you need a quick answer without creating an account, downloading an app or sending your information to a third party. The tool is designed for everyday planning, comparison and checking, with results shown in the browser as soon as you enter the details.

How to use Loan Calculator

  1. Enter the dates, numbers or options requested by the form on this page.
  2. Choose any unit, country, time period or setting that applies to your situation.
  3. Press the calculate or generate button to show the result.
  4. Review the explanation beside the result before relying on it for planning.

When this page is useful

Loan Calculator is useful for quick checks, household planning, school or work tasks, content planning and comparing simple scenarios. Many visitors use these tools to avoid manual counting or spreadsheet setup for a one-off question.

The result should be treated as a practical guide rather than professional advice. For legal, financial, health, tax, pregnancy, school holiday, tide or public holiday decisions, confirm important details with an official source or qualified professional.

Privacy and accuracy

MyCalcTools tools run in your browser wherever possible. We aim to keep pages clear, lightweight and easy to read on mobile, tablet and desktop. If a page uses dates, public holidays or calendar rules, those rules can change over time, so checking the final result against the relevant authority is recommended for high-stakes decisions.

Canonical URL: https://mycalctools.net/loan-calculator.html