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Loan Calculator — Free Online Tool
Loan Calculator shows the full picture of a loan: the regular repayment, the total interest over the life of the loan, and a year-by-year breakdown of how the balance falls. It supports monthly, fortnightly and weekly repayment schedules and any currency.
🚀 Try Loan Calculator now
Free · No signup · Runs in your browser · Instant results
Open Loan Calculator →📌 What is Loan Calculator?
The repayment figure is only half the story of a loan. The total interest — often a large fraction of the amount borrowed — is what actually tells you how expensive it is. This calculator puts both in front of you, along with a year-by-year table so you can see how slowly or quickly the balance comes down.
🚀 How to use Loan Calculator
- Open the Loan Calculator using the button below
- Enter the amount you want to borrow and your currency
- Enter the annual interest rate and the term in years
- Choose monthly, fortnightly or weekly repayments and read the breakdown
👉 Ready? Loan Calculator tool and get started now!
✨ Features and benefits
- 100% free — no registration or signup required
- Calculated in your browser — the numbers you enter are never uploaded
- Instant results — figures update as you type, with no button to press
- Works on all devices — mobile, tablet and desktop
- Nothing to install — runs directly in your browser
❓ Frequently asked questions
Why does repaying fortnightly cost less overall?
More frequent repayments reduce the outstanding balance sooner, so slightly less interest accrues. The saving is usually modest but real.
What is an amortization schedule?
It is the year-by-year (or month-by-month) record of how each repayment splits between interest and principal, and what balance remains.
Does this include fees?
No. It covers principal and interest only. Application fees, ongoing fees and insurance are not included.
Can I use it for a mortgage?
Yes. Any fixed-rate loan repaid in equal instalments works the same way, whether it is a mortgage, car loan or personal loan.