Loan Calculator Online | Personal Loan Payment Calculator
Calculate loan payments, interest rates, and amortization schedules with our comprehensive online loan calculator. Plan your personal loans, auto loans, student loans, and mortgages effectively with our free loan payment calculator and interest rate calculator tools.
Loan Calculator
The amount of money you wish to borrow.
The yearly interest rate applied to your loan.
The number of years you have to repay the loan.
Typical Use Cases
Use this comprehensive loan calculator for planning car loans, home mortgages, personal loans, student loans, or business loans. Our online loan payment calculator helps you understand your financial commitments before making a decision. Calculate monthly payments, compare interest rates, and create amortization schedules for better financial planning with our free loan amortization calculator.
Formula
![M = P[r(1+r)^n]/[(1+r)^n-1]](/loan-formula.svg)
- M: The monthly payment amount
- P: The principal loan amount
- r: The monthly interest rate (annual rate divided by 12 months)
- n: The total number of payments (loan term in years × 12 months)