Free Loan Calculator
This free loan calculator helps you estimate monthly repayments, total repayment and total interest based on a loan amount, annual interest rate and repayment term. It is useful for personal loans, car finance, purchases, home improvements and quick budget planning.
Enter the amount you want to borrow, add the interest rate and choose the loan term in years. The calculator then estimates your monthly payment and overall cost. It gives a simple fixed rate estimate, so real lender fees, credit checks, early repayment charges and other terms may still affect the final numbers. Money, sadly, loves small print.
How To Use This Loan Calculator
Enter the loan amount, annual interest rate and loan term. The calculator estimates your monthly payment, total repayment and total interest.
Loan Repayment Estimate
This calculator gives a simple repayment estimate based on a fixed interest rate. Real loan costs may vary depending on lender fees, credit checks, early repayment charges and other terms.
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Loan Calculator FAQ
What does this loan calculator show?
It estimates your monthly payment, total repayment and total interest based on the loan amount, annual interest rate and term.
Does this include lender fees?
No. This is a simple repayment estimate and does not include arrangement fees, credit checks, early repayment charges or other lender-specific costs.
Can I use a zero percent interest rate?
Yes. If the interest rate is zero, the calculator simply divides the loan amount by the number of monthly payments.