Loan Calculator
Free online loan calculator. Calculate monthly payments, total interest and payoff date for any loan type. Includes full amortization schedule.
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Principal and interest stay visible here if the chart does not load.
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Types of Loans
- Personal loans — Unsecured loans typically at 6-36% APR, used for debt consolidation, home improvement, or emergencies
- Auto loans — Secured by the vehicle, usually 4-10% APR for 36-84 months
- Student loans — Federal loans at 5-8%, private loans vary widely
- Business loans — SBA loans, term loans, and lines of credit for business expenses
How to Reduce Your Loan Cost
- Make extra principal payments to reduce the balance faster
- Choose the shortest term you can comfortably afford
- Improve your credit score before applying for lower rates
- Consider refinancing if rates drop significantly