Loan Calculator – Free & Client-Side

A versatile loan payment calculator for fixed-term personal loans, equipment financing, or peer-to-peer borrowing with upfront origination fee support.

Mathematical Formula

Monthly Payment = Loan × [r(1 + r)^n] / [(1 + r)^n - 1]; Total Cost = (Monthly Payment × n) + Origination Fee.

Frequently Asked Questions

What is the difference between interest rate and APR?
The interest rate is the basic percentage charged on the borrowed principal. APR (Annual Percentage Rate) incorporates both the interest rate and mandatory lender fees (such as origination or processing fees), giving you the true annual cost of borrowing.

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