Enter the loan amount, interest rate and term to instantly see your monthly payment and total interest
Enter the loan amount, annual interest rate, term unit (years or months) and term. The tool instantly calculates your monthly payment, total paid and total interest. Works for auto loans, personal loans and student loans with fixed rates.
The calculation uses the standard equal-payment formula. This tool converts the annual rate to a monthly rate (annual ÷ 12) and the term to total months.
Disclaimer: This tool is for reference only and does not include fees, insurance or other costs. Actual rates and terms depend on your lender — consult a financial institution before borrowing.
Using the equal-payment formula, the tool calculates and displays the monthly amount automatically.
Any fixed-rate, fixed-term loan applies. Credit card variable rates do not.
It uses the standard formula and is for reference only — your lender's terms may differ.
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