💰 Loan Calculator

Calculate monthly payments and total interest

About Loan Calculator

This free loan calculator helps you determine your monthly payment, total interest, and total cost of a loan. Simply enter the loan amount, interest rate, and term to get instant results.

How to Use

1. Enter the total loan amount you want to borrow
2. Enter the annual interest rate (APR)
3. Enter the loan term in years
4. Click "Calculate" to see results

Formula Used

Monthly Payment = P × r × (1+r)^n / ((1+r)^n - 1)

Where: P = Principal, r = Monthly rate, n = Total months