Free Loan Calculator
Calculate your monthly payment, total interest, and see a full amortization schedule for any loan. Supports 15 currencies with locale-aware formatting auto-detected from your browser. Adjust amount, rate, and term to compare scenarios in real time. No signup required.
Monthly Payment
$990.06
Total Interest
$9,403.60
Total Payable
$59,403.60
How to Use the Loan Calculator
- 1
Set your currency
Select your preferred currency, auto-detected from your browser locale. Supports USD, EUR, GBP, INR, JPY, AUD, and more.
- 2
Enter loan details
Set the loan amount, annual interest rate offered by your lender, and the loan term in years or months using the sliders or inputs.
- 3
Review the results
Your monthly payment, total interest, and total payable update instantly. The chart shows the principal-to-interest split at a glance.
- 4
Explore the amortization schedule
Expand the full schedule to see a month-by-month breakdown of principal paid, interest paid, and remaining balance.
Features
Instant Calculation
Monthly payment, total interest, and total payable update in real-time as you adjust the loan amount, rate, and term sliders.
Visual Breakdown
A doughnut chart shows the principal vs. interest split, see at a glance how much of your total repayment is interest.
15 Currencies
Auto-detects your currency from browser locale. Supports USD, EUR, GBP, INR, JPY, AUD, and 9 more with locale-correct number formatting.
Share Results
Copy a URL that encodes your loan settings, share your exact calculation with anyone via a link.
Amortization Schedule
Full month-by-month breakdown of principal paid, interest paid, and remaining balance for the entire loan term.
Reset to Defaults
One-click reset to default values for quick fresh calculations when comparing different loan scenarios.
Use Cases
Home Mortgage Planning
Calculate how much house you can afford. Compare 15-year vs. 30-year mortgages and see the total interest difference before committing.
Auto Loan Comparison
Compare loan offers from different lenders by entering their rates and terms to find the best total cost of ownership.
Personal Loan Budgeting
Check if a personal loan fits your monthly budget before applying. Adjust the amount and term until the payment works for you.
Business Loan Analysis
Evaluate the cost of business financing and project cash flow impact using the month-by-month amortization schedule.
Debt Consolidation
Compare your existing multiple debt payments to a new consolidation loan to see whether you save money overall.