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
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%
$
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
- Enter your desired loan amount
- Input the annual interest rate
- Set the loan term (years or months)
- Add extra payment if applicable
- Review your monthly payment and total costs
- 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.