🏦 Loan Calculator — Free Online Loan Calculator

How Loan Calculator Works

Where M is monthly payment, P is principal, r is monthly interest rate, and n is number of payments.

Formula

M = P × [r(1+r)^n] / [(1+r)^n – 1]

How to Use the Loan Calculator

1. Enter your Loan Amount in $
2. Enter your Annual Interest Rate in %
3. Enter your Loan Term in years
4. Click Calculate to see your results instantly

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