Loan Calculator

Calculate your monthly loan payments, total interest, and create a detailed payment schedule. Perfect for personal loans, auto loans, mortgages, and more.

Loan Details

$
%
$

Additional payment to reduce interest and loan term

Typical Interest Rates

👤Personal Loan
8-15%
🚗Auto Loan
3-7%
🏠Mortgage
3-6%
💼Business Loan
5-12%

How to Use the Loan Calculator

Step-by-Step Guide

  1. Enter your desired loan amount
  2. Input the annual interest rate
  3. Set the loan term (years or months)
  4. Add extra payment if applicable
  5. Review your monthly payment and total costs
  6. Check the payment schedule for details

Loan Types

  • Personal Loans: 8-15% APR, 2-7 years
  • Auto Loans: 3-7% APR, 3-7 years
  • Mortgages: 3-6% APR, 15-30 years
  • Business Loans: 5-12% APR, varies

Tip: Making extra monthly payments can significantly reduce your total interest and shorten your loan term. Even an extra $50-100 per month can save thousands over the life of the loan.