About this Loan Calculator
Borrowing money always costs more than the headline amount, and the difference is the interest. This calculator applies the standard amortisation formula to your loan amount, annual interest rate and term, revealing the fixed monthly payment, the lifetime interest and the true total you will repay.
Try different terms to see the trade-off: longer loans shrink the monthly bill but inflate total interest, while a slightly lower rate can save thousands. Use it for personal loans, car finance, mortgages and student loans โ no email or signup required.