Loan Calculator
Calculate the monthly payment, total cost and interest of any loan.
About the Loan Calculator
Whether you are taking out a personal loan, a student loan, or borrowing for any other purpose, knowing your monthly payment in advance is essential. The HanCalc Loan Calculator gives you instant clarity. Enter your loan amount, the annual interest rate, and the term in years, and we calculate the monthly payment using the same amortization formula your lender uses.
Use the result to plan your monthly budget, compare loan offers, and decide if a shorter term is worth the higher payment. Generally, shorter terms come with lower interest rates and dramatically lower total interest paid.
FAQ — Loan Calculator
Is this calculation exact?
Yes — it uses the same amortization formula banks use.
Does it include fees?
No, lender fees, origination charges and insurance are not included.