When you borrow money - whether it’s for a home, car, or personal expenses - your loan payments are typically made in fixed monthly installments. Each payment is split between repaying the loan principal (the original amount borrowed) and the interest charged by the lender. Over time, the balance shifts: in the early years, more of your payment goes toward interest, while later on, more goes toward principal reduction.
 

Our Loan Payment Calculator helps you estimate not only your monthly obligation, but also the total cost of borrowing over the full term of the loan. By adjusting the loan amount, interest rate, and repayment period, you can quickly see how different scenarios affect your budget and long-term financial goals. This makes it easier to plan ahead, compare loan offers, and make confident decisions about your finances.