Loan Calculator
Work out the monthly payment and total interest on any fixed-rate, fixed-term loan.
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per month
| Total repaid | — |
| Total interest paid | — |
Assumes a fixed rate and equal monthly payments over the full term. Real loans may add arrangement fees or use a different interest calculation method — check your lender's representative APR example.
- What's APR and does this calculator use it directly?
- APR (Annual Percentage Rate) is meant to reflect the total yearly cost including most fees. This calculator applies the rate you enter as a simple amortizing interest rate — for a precise comparison, use the lender's own representative example, since some fees aren't captured by the amortization formula alone.