Calculate loan
Easily calculate your loan: monthly payments, total interest, and term. Suitable for personal loans and consumer credit.
What is a loan?
A loan is an amount of money that you borrow and repay in installments, usually with interest. The total cost of a loan depends on the loan amount, the interest rate, and the term.
With this loan calculation tool, you get immediate insight into your monthly payments and the total cost of the loan.
How does this loan calculator work?
The tool assumes an annuity loan , which is the most common form of personal loan. That means:
- the same amount every month
- interest + principal repayment combined
- fixed term
You enter the loan amount, interest rate, and term, after which the tool automatically calculates everything.
When do you use this tool?
- calculate personal loan
- compare credit costs
- financial planning
- studies and training
- financing large purchases
Who is this tool suitable for?
- consumers
- entrepreneurs
- students
- financial advisors
- everyone considering a loan
What does the tool show?
- gross monthly amount
- total interest over the term
- total amount to be repaid