Loan Calculator

Calculate Your Loan Payments Instantly

The Loan Calculator helps you estimate monthly payments, total interest, and the overall cost of a loan. Whether you're financing a home, car, or personal loan, this tool provides quick and accurate results to help you plan your finances.

🔹 How to Use This Tool?

1. Enter the Loan Amount (e.g., $10,000).
2. Enter the Interest Rate (e.g., 5% annual interest).
3. Select the Loan Term (e.g., 5 years).
4. Click Calculate to see:
   • Monthly Payment Amount
   • Total Interest Paid
   • Total Repayment Amount

Where:

• P = Loan Amount
• r = Monthly Interest Rate (Annual Rate / 12 / 100)
• n = Number of Monthly Payments

🔹 Features

✔️ Instant loan payment calculations
✔️ Supports different loan types (home, car, personal, etc.)
✔️ Breakdown of total cost and interest paid
✔️ Works for fixed-rate loans

Try it now and plan your loan payments easily! 🚀