Loan Calculator
Plan your finances with precision. Calculate monthly payments, total interest, and view a complete amortization schedule for personal and business loans.
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aboutTool
Loan Calculator estimates monthly repayments based on loan amounts and interest rates. Plan your finances rationally by viewing detailed schedules for Principal & Interest or Principal Only repayment methods.
howToUse
- Enter total loan amount and duration
- Input the interest rate (%)
- Select repayment method (Amortized, etc.)
- Click Calculate to see the monthly payment schedule
features
- Comparison of repayment methods
- Auto-calculation of total interest and total repayment
- Monthly breakdown of principal vs interest
- Grace period configuration options
- Downloadable amortization schedule
- Streamlined input interface
faq
Amortization vs Principal only?
Principal only often results in less total interest, but initial monthly payments are higher than amortized ones.
What if interest rates change?
This tool assumes a fixed rate for general simulation and planning purposes.
Are there prepayment penalties included?
No, these vary by bank and contract; please check your specific loan terms.