Calculate monthly loan repayments, total interest, and full amortization for any loan amount and currency.
Enter a loan amount, annual interest rate, and term in years to instantly calculate your monthly repayment, total interest paid, and total amount repaid. Supports $ USD, £ GBP, and € EUR.
Choose your currency, enter the principal amount, the annual interest rate as a percentage, and the loan term in years. The monthly payment, total interest, and total paid update immediately.
No — this is a standard amortising loan calculation using principal, rate, and term only. Add arrangement fees to the principal to factor them in.
Each monthly payment covers both interest and a portion of the principal. Early payments are mostly interest; later ones pay off more capital. The total paid is the same regardless of this split.
This tool runs entirely in your browser. Nothing you type or paste is sent to any server — all processing happens locally on your device.