Loan Payment Calculator
Free equal installment loan payment calculator. Enter amount, rate, and term for monthly payment and total interest. For mortgage, auto, and personal loans.
📊 Result Chart
About Loan Payment Calculator
Loan Payment Calculator is a free online tool that calculates your monthly loan payment based on the loan amount, annual interest rate, and loan term. It uses the standard amortization formula to provide accurate monthly payments, total payment amount, and total interest paid. Works on mobile and desktop, with all calculations performed locally in your browser for data privacy.
Loan Payment Calculator in 3 steps
- Enter the loan amount, annual interest rate, and loan term in years
- Click the "Calculate" button
- View your monthly payment, total cost, and total interest
Is this tool accurate?
The calculation uses the standard amortization formula, ensuring precise and reliable results for fixed-rate loans.
Do I need to download anything?
No download needed. Simply open the page and start calculating. All calculations run in your browser.