Use this free online loan calculator to estimate your monthly payments, total interest, and payment schedule for various types of loans including personal loans, mortgages, auto loans, and more.
How to Use:
1. Enter the loan amount
2. Set the annual interest rate
3. Choose the loan term (in months)
4. Select the loan type
5. Click "Calculate Monthly Payment"
Loan Types Explained:
**Fixed Rate**: Constant interest rate throughout the loan term
- **Adjustable Rate**: Interest rate may change over time
- **Personal Loan**: Unsecured loan for personal use
- **Mortgage**: Loan for purchasing property
- **Auto Loan**: Loan for purchasing vehicles
💰 Loan Calculator
Please enter valid values!
📊 Loan Breakdown
Monthly Payment:
Total Interest:
Total Payment:
Interest Savings (vs Interest-Only):