About This Calculator
About the Loan Calculator
This versatile tool helps you estimate your monthly payments for various types of loans, including personal, auto, and business loans.
How it Works
- Loan Amount: The total amount of money you are borrowing.
- Interest Rate: The annual interest rate for the loan.
- Loan Term: The number of years you have to repay the loan.
Our calculator provides an amortization schedule to show how much of your payment goes towards principal and interest over time. You can also see how making extra payments can help you pay off your loan sooner and save on interest.
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