Loan CalculatorFinance

Calculate monthly payments, total interest, principal breakdown, and complete amortization schedules.

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Loan Examples:

Currency

Loan Amount ($)

Interest Rate (% p.a.)

Loan Term

Unit

Extra Monthly Prepayment (Simulator)Calculate how extra monthly principal payments reduce total interest and shorten loan term.

Extra Amount / Month ($)

Monthly Payment

$188.71

Total Principal

$10,000.00

Total Interest

$1,322.74

Total Amount Paid

$11,322.74

Principal: 88% ($10,000.00)

Interest: 12% ($1,322.74)

Balance & principal over timeBalancePrincipal paid

Year 1Peak $10.0KYear 5

Need the numbers elsewhere? Export a plain-text summary with the inputs, results, and assumptions.

Amortization Schedule

Track how your payments are split between principal and interest over time.

Year 1$2,264.55 paid

Principal $1,805.55Interest $459.00Remaining $8,194.45

Year 2$2,264.55 paid

Principal $1,897.93Interest $366.62Remaining $6,296.52

Year 3$2,264.55 paid

Principal $1,995.03Interest $269.52Remaining $4,301.49

Year 4$2,264.55 paid

Principal $2,097.10Interest $167.45Remaining $2,204.39

Year 5$2,264.55 paid

Principal $2,204.39Interest $60.16Remaining $0.00

Year	Principal Paid	Interest Paid	Total Paid	Remaining Balance
Year 1	$1,805.55	$459.00	$2,264.55	$8,194.45
Year 2	$1,897.93	$366.62	$2,264.55	$6,296.52
Year 3	$1,995.03	$269.52	$2,264.55	$4,301.49
Year 4	$2,097.10	$167.45	$2,264.55	$2,204.39
Year 5	$2,204.39	$60.16	$2,264.55	$0.00

How this tool works

What it accepts, how to use it, and where your input is processed.

Show Guide

Planning your finances requires precision. Our Professional Loan Calculator helps you understand the true cost of borrowing, whether it's for a new car, a home renovation, or a personal loan.

Key Loan Terms:

Principal: The initial amount of money borrowed.
Interest Rate: The percentage charged by the lender for the use of the money.
Loan Term: The duration over which the loan must be repaid (in years).
Amortization: The process of paying off debt through regular payments over time.

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