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💰 Finance

Loan Repayment Calculator

Calculate loan repayments for any loan — personal, car or home. See monthly repayments, total interest and payoff date.

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Monthly Repayment
Total Repaid
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Total Interest
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Loan Amount
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Payoff Date
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About This Loan Repayment Calculator

This loan repayment calculator works out your regular repayments and total interest on a personal, car or home loan, based on the amount borrowed, the interest rate and the loan term. It uses the standard amortisation formula that lenders use.

This is general information only and not financial advice. Real loans may include fees, and your rate may change if it's variable. Always check the lender's comparison rate and terms before borrowing.

Frequently Asked Questions

How are loan repayments calculated?+
Using an amortisation formula based on the loan amount, interest rate and term. Early repayments are mostly interest; later ones are mostly principal.
How can I pay less interest?+
Borrow less, choose a shorter term, pay more than the minimum where allowed, or refinance to a lower rate.
What's the difference between fixed and variable rates?+
A fixed rate stays the same for a set period, giving certainty. A variable rate can rise or fall, changing your repayments.

Related Tools

→ Loan Calculator→ Mortgage Calculator→ Car Loan Calculator

RELATED GUIDE

How Loan Repayments Are Calculated: A Plain-English Guide

Understand how loan repayments work: principal, interest, term, the monthly payment formula, and why the early years pay mostly interest.

Read the full guide →