What is the Loan Calculator?
A loan calculator shows what a fixed-rate amortizing loan really costs: your monthly payment, how much of it is interest overall, and the total you'll repay over the term in years.
How to use it
- 1
Enter principal
Type the amount you plan to borrow.
- 2
Set rate and years
Enter the annual interest rate and term.
- 3
Compare
Adjust inputs to compare scenarios.
Features
Monthly payment
Fixed monthly payment for the full term.
Total interest
The real cost of borrowing.
Term in years
Enter the loan length in years, as mortgages are quoted.
Instant updates
Change any input and results refresh.
Popular uses
Mortgages
Estimate home loan payments over 15–30 years.
Vehicle loans
Check car or bike loan affordability.
Refinancing
Compare your current loan to a new rate.
Frequently asked questions
What's the difference from the EMI calculator?
They use the same formula; this one takes the term in years while the EMI calculator uses months.
How do I lower total interest?
Borrow less, choose a shorter term or get a lower rate — each reduces total interest.
Does it include taxes and insurance?
No, it covers principal and interest only.