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Loan payment calculator

See the monthly payment, total interest and total repaid for any amount, rate and term.

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.