Loan payment calculator: monthly payment and total interest
Work out the monthly payment on a car loan, personal loan or mortgage, and see how much interest you will pay in total.
Results are estimates to help you plan, not financial advice.
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Questions
How is a loan payment worked out?
Most loans use an amortising payment: the same amount each month, made of interest on what you still owe plus a little of the loan itself. Early payments are mostly interest; later ones mostly pay down the loan.
How can I pay less interest?
Borrow less, choose a shorter term, find a lower rate, or pay a little extra each month. Our debt payoff calculator shows how much an extra payment saves.
Is this the exact figure my lender will charge?
It is a close estimate. Lenders may add fees, insurance or round differently, so always check the final figure in your loan offer.