How to use the loan payment calculator
- Loan amount: The amount borrowed in your chosen currency.
- Annual interest rate (%): Nominal annual interest rate, excluding fees.
- Term (months): Total number of monthly payments.
- Select Calculate to see the result. Change any input and calculate again to compare.
Worked example
A 10,000 loan at 6% over 36 months is approximately 304.22 per month.
Formula and assumptions
Principal + interest → monthly payment.
Assumes fixed interest, monthly payments and no fees, taxes, insurance or early repayments. Amounts use your input currency.
Reference: CFPB payment explanation
Common questions
Why might my result differ from another estimate?
Assumes fixed interest, monthly payments and no fees, taxes, insurance or early repayments. Amounts use your input currency. Keep the same inputs and rounding when comparing tools.
Are my entries saved?
No. Calculations run on your device. Reloading or closing this page may clear your entries.