Loan Calculator

Loan Estimator
A loan is a legal agreement between a borrower and a lender whereby the borrower receives a sum of money (the principal) that they must later repay. The majority of loans fall into one of three categories:

Fixed monthly payments are made on an amortised debt until it is repaid.

Loan with Deferred Payment: One lump sum due at loan maturity

Loan Period
The length of a loan is its term, as long as the monthly minimum payment is made. The loan's term can have a variety of effects on how it is structured. The longer the term, the more interest will often accrue over time, increasing the overall cost of the loan for borrowers but decreasing the periodic payments.

Bond: A lump sum payment made at loan maturity (the face or par value of a bond)

Inflation Rate
The profit that banks or lenders make on loans is known as interest, and it is included in nearly all loan agreements. The portion of a loan that is paid by borrowers to lenders as interest. The majority of the time, interest is repaid along with the principal on loans. APR, or annual percentage rate, is a common way to express loan interest because it combines both interest and fees. The annual percentage yield, or APY, is the rate that banks typically post for savings accounts, money market accounts, and CDs. Understanding the distinction between APR and APY is crucial. Using the Interest Calculator, borrowers looking for loans can determine the actual interest paid to lenders based on their claimed rates. Visit for more details or to perform calculations involving APR.