Loan Calculator

Calculate your monthly loan payments, total interest, and total payment amount.

Loan Calculation

Enter loan amount, interest rate, and loan term to calculate your payments and costs.

Formula Used:

The monthly loan payment is calculated using the formula:

P = (r × PV) / (1 - (1 + r)^-n)

  • P = Monthly payment
  • PV = Loan amount (Present Value)
  • r = Monthly interest rate (Annual Rate / 12 / 100)
  • n = Total number of months (Loan Term × 12)