Premium Loan Calculator

Calculate your monthly payments, total interest, and total payment amount. Our free tool helps you plan your finances and make informed borrowing decisions.

Loan Details

Loan Amount $15,000

$1,000 $100,000

Interest Rate 7.5%

1% 30%

Loan Term 5 years

1 year 10 years

Payment Summary

Monthly Payment

$300.76

Total Interest

$3,045.60

Total Payment

$18,045.60

Payment Breakdown

Principal Interest

$15,000 $3,045.60

Key Features

Instant Results

Real-time calculations as you adjust parameters

Fully Responsive

Works perfectly on all devices

Privacy Focused

No data leaves your browser

Auto Save

Remembers your last calculation

About Our Loan Calculator

Our free Personal Loan Calculator is designed to help you understand the true cost of borrowing money. Whether you're considering a loan for a car, home improvements, or debt consolidation, this tool provides clear insights into your monthly payments and total repayment amount.

How It Works

The calculator uses the standard loan amortization formula to determine your payment schedule. Simply adjust the loan amount, interest rate, and term using the sliders, and instantly see how these factors affect your repayment plan.

Benefits

Financial Planning - Understand exactly how much you'll pay each month
Interest Visualization - See payment allocation
Comparison - Test different loan scenarios
Budgeting - Determine affordable loan amounts

When to Use

Applying for personal loans
Considering debt consolidation
Planning major purchases
Comparing loan offers
Creating financial plans