Payment Calculator

Calculate loan payments.

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Features

Instant Payment Estimates

Get immediate calculations for your monthly payments based on various loan scenarios.

Cost Breakdown

Visualize the split between your principal and interest payments with an easy-to-read chart.

Flexible Terms

Input loan terms in years or months to match your specific agreement.

Total Interest Analysis

See exactly how much interest you will pay over the full life of the loan.

About Payment Calculator

Simplify your financial planning with our Payment Calculator. Whether it is a personal loan, equipment financing, or any other installment-based debt, this tool gives you a clear picture of your monthly obligations. Just enter the loan amount, interest rate, and term to instantly see your required payment. Formula Used: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1 ] Where: M = Total monthly payment P = The total amount of your loan i = Your interest rate, as a monthly percentage n = The total amount of months in your timeline for paying off your loan

How to Use Payment Calculator

  • 1
    Enter Loan Amount

    Input the total principal amount you intend to borrow.

  • 2
    Set Annual Interest Rate

    Enter the annual interest rate (APR) as a percentage.

  • 3
    Specify Loan Duration

    Enter the number of years or months you have to repay the loan.

  • 4
    Calculate Payment

    The tool will automatically process the numbers as you type.

  • 5
    Review the Breakdown

    Check the visual graph to see how much of your payment goes to interest vs. principal.

  • 6
    Plan Your Budget

    Use the estimated monthly payment to ensure it fits comfortably within your financial plan.

Payment Calculator | Estimate Monthly Loan Payments