Calculate payments for personal, auto, student, and other loans
Interest Rate: 0%
Loan Term: 0 months
See how your loan balance decreases over time with each payment.
Rate Range: 6-36%
Term: 2-7 years
Purpose: Debt consolidation, home improvement, major purchases
Rate Range: 3-10%
Term: 3-7 years
Features: Lower rates, secured by vehicle
Federal Rate: 5-7%
Private Rate: 4-14%
Features: Flexible repayment options
Rate Range: 6-20%
Term: 2-12 years
Features: May qualify for tax deductions
Your calculation result provides important insights for making informed decisions. The loan calculator takes into account loan amount, interest rate, loan term, payment frequency to give you an accurate estimate that you can use for planning and budgeting purposes.
Loan calculations are essential for understanding the true cost of borrowing money, whether for personal expenses, auto purchases, or debt consolidation. Proper analysis helps you compare loan offers, budget for payments, and make informed financial decisions.
The interest rate is the cost of borrowing the principal loan amount. APR (Annual Percentage Rate) includes the interest rate plus additional fees and costs, giving you the true annual cost of the loan. Always compare APRs when shopping for loans.
Shorter terms typically mean higher monthly payments but significantly less total interest paid. Longer terms offer lower monthly payments but cost more over time. Choose based on your monthly budget and total cost tolerance.
Extra payments applied to principal reduce both the total interest you'll pay and the loan term. Even small additional payments can save hundreds or thousands of dollars over the life of the loan.