Loan Calculator
Free loan calculator — updated for 2025. Accurate, instant, no sign-up needed.
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Loan Payment Calculator
Personal, auto, student — any installment loan
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Monthly Payment
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Total Interest
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Total Amount
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About This Loan Calculator
Works for any installment loan. Enter amount, rate, and term to see your monthly payment and total cost.
Monthly Payment = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]
2025 Rate Benchmarks
- Excellent credit (720+): 6–9% APR
- Good credit (680–719): 10–15% APR
- Fair credit (640–679): 16–25% APR
- Poor credit: 26–36% — consider secured loan or credit union
APR vs interest rate?
Interest rate is the base cost. APR includes rate PLUS fees. Always compare APRs when shopping lenders.
Can I pay off early?
Most loans allow it. Check for prepayment penalties. Extra payments save significant interest over time.