Enter loan details
Add the amount, annual rate, tenure, currency, processing fee, and optional extra monthly payment.
Loan payment calculator
Free Loan Calculator for Monthly Payment & Interest
Estimate a loan payment, total interest, processing fee, payoff month, and repayment schedule in one browser-only finance calculator. Use it as a loan simulator before comparing offers from lenders.
Calculate loan payment
Fees included
Excel export
No signup
Browser-only finance calculator
Loan payment planning with schedule and exports
Use this free loan calculator when you need more than a single payment number. It shows monthly payment, principal, interest, optional fees, total payable, payoff timing, and the full repayment schedule in one place. If a processing fee is financed, the fee is added to the loan basis before monthly payment and schedule calculations.
The calculator is useful before you compare a personal loan, lending offer, installment plan, or general financing option. Your inputs stay in the browser, and the PDF and Excel exports include the full schedule for offline review.
How it works
Three steps from loan amount to repayment plan
Review the cost
Compare monthly payment, total interest, total payable, payoff month, and the principal-interest split.
Export the full schedule
Print a clean PDF report or export an Excel workbook with summary, inputs, notes, and every payment row.
Inputs and outputs
What the loan calculator includes
| Loan amount | The principal borrowed before interest and optional upfront fees. |
|---|---|
| Annual interest rate | The nominal yearly rate used to estimate monthly interest and total interest. |
| Processing fee | An optional lender or origination fee that can be financed into the loan basis. It is shown separately from interest so users can trace base loan amount, financed fee, and total loan basis. |
| Extra monthly payment | An optional principal prepayment that can shorten payoff time and reduce total interest. |
| Full schedule export | PDF and Excel reports include summary, inputs, assumptions, notes, and the complete month-by-month repayment schedule. The final row should adjust for rounding so the ending balance reaches zero cleanly. |
Estimates are for planning only. Always confirm the final APR, fees, taxes, insurance, and repayment rules with the lender.
Calculate loan payment before you borrow
This online loan calculator turns loan amount, annual interest rate, tenure, and optional fees into an estimated monthly payment. It works as a payment calculator, lending calculator, and loan estimation calculator for quick planning.
Loan interest calculator with schedule
The repayment table shows how each payment is split between principal and interest. Use the loan interest calculator output to compare short vs long tenure, higher vs lower rate, and the total cost of borrowing.
Fees, extra payments, and payoff timing
Add a processing fee or extra monthly payment to see total payable, interest saved, and payoff months. You can print the schedule as PDF, copy a share link, or export the loan repayment schedule to Excel.
FAQ
Loan Calculator FAQs
How is a monthly loan payment calculated?
For most amortized loans, monthly payment is calculated from the loan basis, monthly interest rate, and number of payments. If a processing fee is financed, the loan basis is the base loan amount plus that fee.
What is the difference between interest rate and APR?
The interest rate is the cost of borrowing before some fees. APR may include extra lender charges. This calculator lets you add a processing fee, but you should still check the lender's official APR and terms.
Do fees affect the total payable amount?
Yes. If a processing fee is financed, the calculator adds it to the loan basis before calculating monthly payment, interest, total payable, and the repayment schedule.
Can extra payments shorten a loan?
Usually yes. Extra monthly payments reduce the principal faster, which can lower total interest and shorten the payoff timeline.
Is this loan calculator free and private?
Yes. It is free, browser-only, and does not require account creation. The output is an estimate for planning and is not financial advice.
Guides
Loan math without guesswork
Plain-English calculator notes for EMI, interest, amortization, payoff timing, and schedule exports.
Calculate loan payment before you borrow
Use principal, interest, tenure, fees, and extra payments to compare real monthly cost.
Read guide →EMI formula and reducing balance
Understand equated monthly installments, flat-rate EMI, and reducing-balance EMI.
Read guide →Amortization table and Excel export
Build a payment schedule with principal, interest, balance, extra payments, and export options.
Read guide →Need an exact payment table?
Open the amortization calculator for a full month-by-month table with extra payment comparisons and Excel export.
Open amortization calculator →