Loan Summary
Payment Breakdown
Amortization Schedule
| Payment # | Payment Date | Principal | Interest | Total Payment | Remaining Balance |
|---|
Frequently Asked Questions
Our loan calculator uses the standard amortization formula to calculate your monthly payment based on the loan amount, interest rate, and loan term. It then breaks down how much of each payment goes toward principal vs. interest over the life of the loan.
Our calculator supports all world currencies including USD, EUR, GBP, JPY, CAD, AUD, CHF, CNY, INR, BRL and many more. We've included over 150 currencies from countries around the world.
Yes, our loan calculator is completely free to use with no hidden fees or registration required. We support the service through non-intrusive advertisements.
Our calculations use standard financial formulas and are highly accurate. However, please note that actual loan terms may vary based on lender policies, fees, and other factors not accounted for in this calculator.
Yes, this calculator works for various types of installment loans including personal loans, auto loans, mortgages, and student loans. The calculations assume a fixed interest rate and equal monthly payments.