Free Loan Calculator — Calculate Payments and Amortization Instantly

Enter your loan amount, interest rate, and term to see your monthly payment, total interest, and full amortization schedule. Supports 15 currencies, extra payment modeling, and CSV export. No signup, no ads.

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Features

How it works

  1. Enter your loan amount, interest rate, and term
  2. See your monthly payment and total cost instantly
  3. Add extra monthly payments to see interest savings
  4. View the full amortization schedule month by month
  5. Export the schedule as CSV for your records

Common use cases

How it compares

Unlike Bankrate or NerdWallet calculators, freeloancalc.app has zero ads, zero affiliate offers, and zero data collection. Your numbers stay on your device. It updates in real time as you type, supports 15 international currencies, and includes a full exportable amortization schedule with extra payment modeling.

Privacy

All calculations happen locally in your browser using JavaScript. No financial data is sent to any server, stored in any database, or shared with anyone. Your numbers never leave your device.

Frequently asked questions

How is my monthly loan payment calculated?

Your monthly payment is calculated using the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1], where P is the loan amount, r is the monthly interest rate, and n is the total number of payments. freeloancalc.app computes this instantly when you enter your loan details.

What is an amortization schedule?

An amortization schedule is a table showing each monthly payment broken down into principal and interest portions over the life of the loan. Early payments are mostly interest, while later payments go mostly toward principal.

How does the interest rate affect my total payment?

Even small changes in interest rate significantly affect total cost. For example, on a $300,000 30-year mortgage, a 1% rate increase adds roughly $60,000 in total interest.

Can I calculate extra payments to pay off my loan faster?

Yes. freeloancalc.app includes an extra payment field that shows how additional monthly payments reduce your total interest and shorten your loan term.

Is my financial data safe with freeloancalc.app?

Absolutely. Everything is processed locally in your browser. No data is sent to any server or shared with anyone.

What types of loans can I calculate?

freeloancalc.app works for any fixed-rate loan: mortgages, auto loans, personal loans, student loans, and business loans.