Simple Loan Calculator



A Simple Loan Calculator

Amount of Loan?:
Number of Years?:
Annual Interest Rate?:
Monthly Payment?:
 
Enter "0" (zero) for one unknown value above.
 

Total Interest Paid:
Total Principal & Interest:
Number of Months:
This free, online loan calculator (c) 2010 Pine Grove Software, LLC All rights reserved.

There are four primary components for any loan. Ask yourself these questions:

What is the amount of the loan (amount borrowed)?

How long will the payments last (term)?

What is the annual interest rate?

And what is the periodic payment amount?

Enter any three of the above values and enter a '0' (zero) for the one unknown value.

Click 'Calc' and the unknown will be calculated.

Unlike our other loan calculators, this calculator makes some assumptions. First, it assumes that the payments will be made on a monthly schedule. Secondly, it assumes that the term will not include a fractional year. If you need to borrow or lend money for say 30 months (2.5 years) then use one of the other loan calculators found on this site.