Loan Calculator

Calculate Loan Payments

Calculate your monthly payments, total interest, and see your full amortization schedule

Loan Amount ($)

Interest Rate (%)

Loan Term (Years) Select term 1 Year 2 Years 3 Years 4 Years 5 Years 7 Years 10 Years 15 Years 20 Years 25 Years 30 Years Custom

Custom Term (Years)

Payment Frequency Monthly Bi-weekly Weekly Quarterly Annually

Calculate Reset

About Loan Calculator

Zeta Calculator's Loan Calculator is a comprehensive tool that helps you understand the financial implications of a loan. Whether you're planning a personal loan, auto loan, or any other type of installment loan, our calculator provides accurate results to help you make informed decisions.

Calculator Features

• Payment Calculation: Calculate your regular payment amount based on loan amount, interest rate, and term
• Total Cost Analysis: See the total cost of your loan, including principal and interest
• Amortization Schedule: View a detailed payment schedule showing how each payment is applied to principal and interest
• Payment Frequency Options: Calculate payments for weekly, bi-weekly, monthly, quarterly, or annual payment schedules
• Visual Breakdown: See a chart showing the proportion of principal vs. interest in your total payments

How to Use

1. Enter your loan amount in the first field
2. Input the annual interest rate as a percentage (e.g., 5.5 for 5.5%)
3. Select your loan term in years, or choose "Custom" to enter a specific term
4. Choose your payment frequency (monthly is most common)
5. Click "Calculate" to see your results
6. View your payment amount, total payments, total interest, and total cost
7. Click "Show Amortization Schedule" to see a detailed breakdown of each payment

Understanding Loan Calculations

• Principal: This is the original loan amount borrowed
• Interest Rate: The annual percentage rate charged on the loan
• Term: The length of time over which the loan will be repaid
• Payment Amount: The amount you pay each period (calculated using the standard loan amortization formula)
• Amortization: The process of paying off a loan through regular payments of principal and interest
• Total Interest: The total amount of interest paid over the life of the loan

Tips for Loan Planning

• Compare Different Terms: A shorter term means higher payments but less total interest
• Consider Payment Frequency: More frequent payments (e.g., bi-weekly) can reduce your total interest
• Extra Payments: Making additional payments toward principal can significantly reduce your loan term and total interest
• Interest Rate Impact: Even a small reduction in interest rate can save you thousands over the life of the loan

Loan calculations are essential for proper financial planning. Use our calculator to understand your loan costs before making commitments and to explore different scenarios to find the best option for your financial situation.