Loan Calculator

Key Features

• •Support for two repayment methods: Equal Payment (Annuity) and Equal Principal repayment
• •Detailed amortization schedule showing monthly breakdown of principal, interest, and remaining balance
• •Visual chart showing the ratio between total principal and interest paid
• •Flexible input options supporting both year and month-based loan terms
• •Instant calculations with no sign-up required - completely free to use

How to Use

1. 1Enter the total loan amount you plan to borrow
2. 2Input the annual interest rate offered by your lender
3. 3Set the loan term in years or months and choose your preferred repayment method
4. 4Click Calculate to view your monthly payments, total interest, and full amortization schedule

Helpful Tips

• ✓Equal Payment method keeps your budget predictable with the same amount each month, while Equal Principal method saves more on total interest
• ✓Even a small reduction in interest rate can save thousands over the life of a long-term loan
• ✓Consider making extra payments toward principal to reduce the total interest and shorten your loan term