Loan Calculator

A loan calculator helps you understand exactly what a loan will cost you over time. By entering the loan amount, annual interest rate, and loan term, you can see your periodic payment, total repayment amount, and how much of that total goes toward interest. Our calculator supports monthly, bi-weekly, and weekly payment schedules — bi-weekly payments effectively add one extra payment per year, which can significantly reduce your total interest and shorten the loan term.

For an even more detailed picture, you can add an extra payment amount. Even a modest extra payment each month can save thousands in interest over the life of a loan. The amortization table breaks down every payment into principal and interest, so you can see exactly how your balance shrinks over time. All calculations are performed directly in your browser for privacy and speed.

Use the Save Calculation button to compare different loan scenarios side by side — try different interest rates, payment frequencies, or extra payment amounts to find the best strategy. Always verify the final figures with your lender before making borrowing decisions, as actual loan terms may vary.