Loan Calculator
Calculate loan payments and generate amortization schedule
How to Use the Loan Calculator
- Enter the loan amount you wish to borrow
- Input the annual interest rate
- Specify the loan term in years or months
- Choose your preferred payment frequency
- Add any extra payments (optional)
- Click "Calculate" to see your loan details
Tips for Managing Your Loan
- Making extra payments can significantly reduce your total interest
- Consider bi-weekly payments to make an extra payment each year
- Keep your loan term as short as you can afford
- Compare different scenarios to find the best option for you