Loan Calculator

Estimate your regular loan payment, the total interest you will pay and how extra payments shorten the loan.

FreeNo sign-upRuns in your browserMobile-friendly

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What does the Loan Calculator do?

Enter the amount, annual interest rate and term to calculate a fixed payment using the standard amortising-loan formula. Choose payment frequency — monthly, every two weeks, weekly or quarterly — and add an optional extra payment per period to see how much sooner the loan is paid off and how much interest is saved.

The yearly summary shows principal and interest paid each year and the remaining balance; download it as CSV.

How to use the Loan Calculator

  1. Enter the loan amount, interest rate and term in years.
  2. Choose how often you will pay.
  3. Optionally add an extra payment per period.
  4. Review payment, total interest and the yearly summary.

Examples

Car loan

1,000,000 at 12% for 5 years, monthly → 22,244.45 per month and 334,666.86 total interest.

With extra payments

Adding 3,000 per month pays the same loan off months earlier and reduces interest.

Common use cases

  • Car and personal loans
  • Comparing loan offers
  • Planning extra repayments
  • Home loan estimates

Features and benefits

  • Private by design — your data is processed on your device and never uploaded.
  • Free with no account, no watermark and no usage limits.
  • Works on phones, tablets and desktops in any modern browser.

Limitations to know

  • Assumes a fixed rate. Variable-rate loans (for example those linked to KIBOR) change over time.
  • Fees, insurance and taxes are not included.
  • Islamic financing structures may calculate profit differently.

Frequently asked questions

What formula is used?

Payment = P × r ÷ (1 − (1 + r)⁻ⁿ), where r is the rate per period and n the number of payments.

Do extra payments help?

Yes. Extra payments reduce principal sooner, cutting total interest.

Is this the same as EMI?

Monthly payments are the same as EMI. Use the EMI calculator for a full month-by-month table.

Embed this tool on your website

Add the free Loan Calculator to your blog or website. Paste the code into your page’s HTML; the tool runs in your visitors’ browsers and stays up to date automatically. Please keep the credit line below the tool.

Free to use on any website. The tool runs inside an iframe served from viptools.pk; nothing your visitors type is sent to your site or ours. Preview the embedded version.

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