Loan Calculator
Work out the monthly payment, the total interest, and how much time and interest you save by paying a little extra each month.
Use the tool
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How to use it
- Enter the loan amount, rate and term in years.
- Add an optional extra payment per month to see the effect.
- Optionally set the first payment date to estimate when the loan ends.
Tips for best results
- Even small extra payments early in the loan can save a meaningful amount of interest.
- Check whether your lender charges a fee for part-payments or early closure.
Frequently asked questions
How are extra payments applied?
In this calculator the extra amount is added to every monthly payment and goes straight to the balance.
Is the result exact?
It is an estimate. Your lender's schedule may differ slightly due to dates and rounding.