Know what you're signing up for before you sign. Monthly payment, total interest, total cost.
Enter your loan details and we'll show you the real numbers.
Enter the loan amount (principal), the annual interest rate, and the loan term in years. The calculator uses the standard amortisation formula to show you the fixed monthly payment, the total interest you'll pay over the life of the loan, and the total amount you'll have paid when the loan is fully repaid.
The monthly payment is the fixed amount you owe each month. In the early months of a loan, most of each payment goes toward interest. As you pay down the principal, more of each payment goes toward the balance itself — this is amortisation.
Total interest is the real cost of borrowing. On a long-term loan at a higher rate, total interest can approach or exceed the original loan amount. Seeing this number upfront is useful when comparing loan offers or deciding how much to borrow.
This tool uses the standard fixed-rate amortisation formula. Actual loan offers may vary based on fees, origination charges, or variable-rate terms. Use this calculator to understand ballpark figures and compare options — always read the full loan agreement before signing.