Loan Calculator
Finance & InvestmentCompare loan costs and see a year-by-year amortisation view.
Runs entirely in your browser — nothing is uploaded
What people do next
Features
- Monthly payment, total interest and total repayment at a glance.
- Complete amortisation schedule with running balance.
- Compare two scenarios side by side.
- Works for any currency and any term length.
How to use the Loan Calculator
- 1Enter the loan amount, rate and term.
- 2Review the payment summary.
- 3Expand the schedule to see how the balance falls.
Frequently asked questions
Why is early interest so high?
Interest is charged on the outstanding balance, which is largest at the start. The principal share of each payment grows over the term.
Is the rate here flat or reducing?
Reducing balance, which is how home loans and most bank lending work: interest applies only to what is still outstanding. If you have been quoted a flat rate the two figures are not comparable, because a flat rate charges interest on the whole original amount for the entire term. The Flat vs Reducing Rate Calculator converts between them.
Does this include processing fees and insurance?
No, it prices the loan itself. Processing and documentation charges are commonly 0.5% to 2% of the amount and are often deducted from the disbursal, so you receive less than you borrowed while paying interest on the full sum. Bundled insurance behaves the same way. Ask for both separately when comparing offers.
What happens if I pay more than the instalment?
The surplus goes against the principal, which shortens the term rather than lowering the payment, and saves a disproportionate amount of interest when it happens early. The Loan Prepayment Calculator models that case specifically.