🏦 Loan & Finance Calculator
Loan & Finance Calculator
Before taking a personal loan, car financing or mortgage, know exactly what you'll pay: monthly installment, total interest and overall cost. The calculator uses the standard amortization formula used by banks worldwide.
FAQ
How is the monthly loan payment calculated?
Using the fixed-payment formula: Payment = P × r ÷ (1 − (1+r)^−n), where r is the monthly interest rate and n the number of months — the same formula banks use worldwide.
Will results match my bank exactly?
Results are accurate for fixed-rate loans with stated interest. Small differences may appear if your bank adds admin fees, insurance, or uses different day-count conventions.