Free calculator
Loan Repayment Calculator
Free Loan Repayment Calculator with instant browser-based results and a clear calculation breakdown.
💰 Loan Repayment Calculator
Calculate your monthly payment and total interest
The total amount you want to borrow
The yearly interest rate on your loan
The number of years to repay the loan
Monthly Payment
$0.00
Total Amount Paid
$0.00
Total Interest Paid
$0.00
Principal Amount
$0.00
Number of Payments
0
How it's calculated:
This calculator uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where M = monthly payment, P = principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100), and n = total number of payments (years × 12).
The total interest is calculated by subtracting the principal from the total amount paid over the life of the loan.
This calculator uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where M = monthly payment, P = principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100), and n = total number of payments (years × 12).
The total interest is calculated by subtracting the principal from the total amount paid over the life of the loan.
Want to understand the calculation?
Read the guideSee examples, formula notes and limitations.