Loan paymentEnter your values to calculateResults are estimates unless noted otherwise.
About this loan calculator
Calculate payments and total interest for a fixed-rate personal or auto loan. It provides a transparent starting point for planning, checking a calculation, or converting a value. ApexConverter shows the method used so you can understand—not merely receive—the result.
How to use this tool
Enter the requested values and choose the appropriate units.
Select Calculate to update the result.
Review the calculation assumptions and use related tools if you need a broader estimate.
Formula
M = P[r(1+r)^n]/[(1+r)^n−1]
Worked example
Enter a realistic value for your situation, then check that the displayed units and assumptions match your goal. For planning decisions, compare at least two scenarios rather than relying on one estimate.
Helpful answers
Loan Calculator FAQs
Is the loan calculator free to use?
Yes. ApexConverter provides this loan calculator free of charge.
How accurate is this loan calculator?
The result follows the stated formula and entered values. Review the assumptions before using it for an important decision.
What values should I enter?
Enter the values requested by the calculator and select the units shown in each field.
Can I use the result professionally?
Use the result as an estimate or reference. Obtain professional advice for financial, medical, legal, or safety-critical decisions.
Why might my result differ?
Results can differ because of rounding, local rules, rates, fees, measurements, or assumptions.
Does this tool save my data?
No calculation inputs are sent to ApexConverter by this static tool, except the currency tool requests a public exchange-rate service.
Can I use this on mobile?
Yes. The loan calculator is designed to work on phones, tablets, and desktops.
What formula does it use?
M = P[r(1+r)^n]/[(1+r)^n−1]
Where can I find related tools?
Use the related tools section below or browse the finance category.
When was this page reviewed?
This page was reviewed August 2026. See our methodology for calculation and editorial standards.
