A universal fixed-rate loan calculator: enter the amount, rate, and term to see the monthly payment and the true total cost of borrowing.
How it works
- Enter the total principal amount of your loan.
- Enter the expected annual interest rate and loan term.
- The calculator runs standard amortization math to show your exact monthly payment.
Frequently asked questions
Does this work for any loan type?
Yes — personal, auto, student or business loans, as long as the rate is fixed and payments are monthly.
What if my rate is 0%?
The tool handles it: the payment is simply the amount divided by the number of months.
Why is total repayment higher than the loan?
The difference is interest — the price of borrowing. Shorter terms cut total interest sharply.