How to use Loan Calculator
- Loan Amount: The principal you wish to borrow.
- Interest Rate: Annual percentage rate (APR).
- Term: Length of the loan in years or months.
- Calculate: See monthly payment and total cost.
About Loan Calculator
The Loan Calculator is your starting point for understanding debt. Whether used for personal loans, business financing, or generic borrowing, it breaks down your monthly obligation.
It calculates payment amounts and the total interest paid over the life of the loan.