Loan Calculators
Loan Payment Calculator
Use this general calculator to estimate payments on a standard fixed-rate loan.
Loan Payment Calculator
Adjust the figures to update your estimate.
- Payment
- —
- Total interest
- —
- Total repayment
- —
- Additional estimate
- —
Amortization schedule
| Payment | Principal | Interest | Balance |
|---|
How this calculator works
Enter realistic numbers for your situation. The calculator updates immediately to give you an estimate you can use for planning and comparing options.
Formula explained
Payments are calculated using principal, the monthly interest rate and number of monthly payments.
Example calculation
Use a term of 60 months for a five-year loan.
Factors that affect your result
- Rate and term
- Fees not included in the principal
- Payment timing
Frequently asked questions
Is the Loan Payment Calculator free to use?
Yes. This calculator is free, requires no sign-up, and gives an estimate instantly.
Are the results a loan offer?
No. Results are educational estimates. A lender's rates, fees, underwriting and payment terms may differ.
Related calculators
Continue learning
Read our guides on working capital loans and business debt consolidation.