Calculate your monthly payments, total interest, and full repayment schedule for any loan
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Enter your loan amount, interest rate, and repayment term to instantly see your monthly payment and the total cost of your loan. Select your currency for results in USD, GBP, EUR, CAD, or AUD.
Three main factors determine your monthly loan payment: the loan amount (how much you borrow), the interest rate (the cost of borrowing), and the loan term (how long you take to repay). A longer term means lower monthly payments but more total interest paid over time.
Personal loans are typically unsecured, meaning no collateral is required, but they often come with higher interest rates. Auto loans are secured against the vehicle, so lenders offer lower rates. Use this calculator to compare the cost of different loan types before you apply.
Making extra payments toward your principal balance is the fastest way to pay off a loan early and save on interest. Even small additional monthly payments can significantly reduce the total interest you pay over the life of the loan.
APR stands for Annual Percentage Rate. It includes the interest rate plus any fees associated with the loan, giving you the true annual cost of borrowing. When comparing loans, always compare APRs — not just interest rates — to find the best deal.