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Loan payment calculator

Enter the amount, the annual rate and the number of months to see the monthly payment, the interest and the total repaid.

Loan amount (USD)

Annual interest rate (%)

Term (months)

The standard amortisation formula is used: payment = P × i / (1 − (1 + i)⁻ⁿ), where i is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months. A zero rate is handled as simple division. This is the same formula a lender uses to quote a fixed-rate instalment loan; it does not include origination fees, insurance or any other charge a particular lender may add.

This calculator is an estimate, not an offer, a quote, or financial advice. We are not a lender and we do not set rates or make credit decisions.