Loan Interest Calculator - Free Monthly Payment Calculator

??Simple Calculator - Equal Payment (Auto-Calculation)

Results calculated automatically as you type

?뮥 Loan Amount $

?뱢 Annual Rate %

??Loan Period months

Monthly Payment

Total Interest: $0

Advanced Calculator

Loan Amount $

Annual Interest Rate %

Loan Period years

Repayment Type

What is Loan Interest Calculation?

A loan interest calculator helps you determine monthly payments and total interest by entering the loan amount, interest rate, and repayment period. Plan your repayment strategy before taking out a loan and compare different repayment methods.

Repayment Methods Comparison

Equal Principal and Interest: Pay the same amount each month. Early payments have higher interest, later payments have higher principal.
Equal Principal: Pay the same principal each month, interest decreases over time. Higher initial burden but lower total interest.
Bullet Repayment: Pay only interest during the loan term, repay principal at maturity. Lower monthly burden but highest total interest.

Loan Tips

Choose Repayment Method: Equal principal is advantageous if you have initial funds.
Compare Rates: Compare rates across financial institutions. Small rate differences lead to significant interest differences.
Early Repayment: Consider early repayment when you have surplus funds to reduce total interest.
Check Repayment Capacity: Monthly payments should not exceed 30% of your income.

?뮩 Loan Interest Calculator

??Simple Calculator - Equal Payment (Auto-Calculation)

Advanced Calculator

Results

Loan Amount

Total Repayment

Total Interest

Monthly Payment

Monthly Payment Schedule

What is Loan Interest Calculation?

Repayment Methods Comparison

Loan Tips