Calculate your monthly loan payment, total interest and full amortization schedule. Works for home loans, car loans, personal loans and more.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Enter loan details above to see the schedule | ||||
Our free loan calculator helps you understand the true cost of any loan before you commit. Enter your loan amount, interest rate and term to instantly see your monthly payment, total amount paid and total interest charged. The full amortization schedule shows you exactly how much goes to principal and interest each month.
Use it for home loans, car loans, personal loans, business loans or any other type of financing. Works for loans in any currency — just enter your numbers and get instant results.
Monthly payment is calculated using the standard amortization formula which considers your loan amount, monthly interest rate and number of payments. Our calculator does this automatically — just enter your loan details and see your payment instantly.
An amortization schedule shows every payment over the life of your loan broken down into principal and interest. In early payments most of your money goes to interest. Over time more goes to paying down the principal. Our calculator shows the full schedule for every month of your loan.
You can reduce total interest by making extra payments toward the principal, choosing a shorter loan term, or refinancing at a lower interest rate. Use our calculator to compare different scenarios by changing the term and rate fields.
Yes. Enter the loan amount in PKR, your bank's annual interest rate, and the loan term in years. The calculator works for any currency and any loan type.