Want to know how much you’ll pay back on a loan? Our Loan Calculator is here to help! Just enter the amount, interest rate, and term, and we’ll do the rest.
Responsive Loan Calculator
| Parameter | Description | Example Value |
|---|---|---|
| Loan Amount | The total amount of money being borrowed. | $10,000 |
| Annual Interest Rate | The yearly interest rate applied to the loan. | 5% |
| Loan Term | The duration over which the loan will be repaid. | 3 years |
| Monthly Payment | The amount to be paid every month to repay the loan. | $299.71 |
| Total Payment | The total amount paid over the life of the loan, including interest. | $10,789.56 |
| Total Interest | The total amount of interest paid over the life of the loan. | $789.56 |