Smart Loan
Estimate your monthly payments and total interest with our amortizing calculator.
This calculator uses standard amortization formulas. Results are estimations for informational purposes.
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Enter your values to see the result
Real-time calculation enabled
About Loan Calculator
Estimating a repayment from an amount, an interest rate and a term shows what a borrowing decision costs each month, and how much of the total is interest rather than principal.
How to use it
- Enter the amount borrowed.
- Enter the interest rate and the term.
- Read the estimated repayment.
Worth knowing
This is a simplified estimate. Real agreements add fees, insurance and charges, may compound differently, and can carry variable rates — general information only, not financial advice. Your lender's figures govern.
Common questions
- Why does my lender quote something different?
- Fees and the exact compounding method, usually. Advertised rates also differ from the rate an individual is actually offered.
- Does a longer term cost less?
- The monthly payment falls and the total interest rises, because you are borrowing for longer.