Loan Calculator Online – Free Mortgage & Loan Payment Calculator

What Is Loan Calculator?

Loan Calculator is a free online tool to calculate monthly payments, total interest, and total repayment for mortgages, car loans, personal loans, and business loans. It supports both equal principal and interest (EMI) and equal principal methods.

How It Works

1. Enter loan amount, annual interest rate (%), and loan term (years).
2. Select repayment method: Equal Principal & Interest or Equal Principal.
3. Click Calculate to get monthly payment, total interest, and total amount.
4. Copy results with one click.

Key Features

• Calculate monthly payment, total interest, total repayment
• Support 2 repayment methods: Equal Principal & Interest / Equal Principal
• Suitable for mortgage, car loan, personal loan, business loan
• Instant and accurate calculation
• One-click copy result
• Clear and reset buttons
• Load example function
• 100% free, no login required
• Mobile-friendly and fully responsive
• Local calculation, no data uploaded

Common Use Cases

• Home mortgage planning and monthly payment estimation
• Car loan budget calculation
• Personal loan and consumer loan planning
• Business loan cost analysis
• Compare repayment methods to save interest
• Financial planning and budget management

How to Use

1. Open the Loan Calculator tool.
2. Input loan amount, annual interest rate, and loan term.
3. Choose repayment method.
4. Click Calculate, view results, and copy summary.
5. Calculations are for reference only. Consult a financial advisor for official plans.

Note

Results are for reference only. All calculations are done locally in your browser for privacy.