Calculate your loan payment for any payment frequency (weekly, bi-weekly, monthly, quarterly, semi-annual, or annual). See total interest and a complete payment schedule. Perfect for mortgages, auto loans, personal loans, and more. Works with any currency - simply enter amounts in your local currency.

How Loan Calculator Works

A loan calculator helps you understand the true cost of borrowing money. It calculates your payment amount using the principal amount, interest rate, loan term, and payment frequency. The calculator uses the standard amortization formula to determine how much you'll pay per period and how much goes toward principal versus interest.

Payment Frequencies

You can choose from different payment frequencies:

Weekly: 52 payments per year - common for some personal loans
Bi-weekly: 26 payments per year - can help pay off loans faster
Monthly: 12 payments per year - most common for mortgages and auto loans
Quarterly: 4 payments per year - less common, sometimes used for business loans
Semi-annual: 2 payments per year - rare, sometimes for specific loan types
Annual: 1 payment per year - very rare, typically for specialized loans

Understanding Your Results

Your payment amount stays the same throughout the loan term, but the proportion going to principal vs. interest changes over time. Early payments are mostly interest, while later payments are mostly principal. More frequent payments (like bi-weekly) can help you pay off the loan faster and save on interest, as you make more payments per year.

Examples

Example 1: 200,000 loan at 4% annual rate for 30 years

Monthly payment: 954.83 | Total interest: 143,739.01

Example 2: 25,000 loan at 6% annual rate for 5 years

Monthly payment: 483.32 | Total interest: 3,999.20

Example 3: 50,000 loan at 7.5% annual rate for 10 years

Monthly payment: 593.51 | Total interest: 21,221.20

Financial Disclaimer: This calculator is for educational purposes only. Actual loan terms may vary by country and lender. Loan calculations, interest rates, payment frequencies, and legal requirements differ across regions. Consult with a local financial advisor or lender for specific loan information applicable to your location.

Note: This calculator uses standard amortization formulas. Some countries may use different calculation methods, payment frequencies (weekly, bi-weekly, monthly), or have additional fees and charges not included here.

Loan Calculator

How Loan Calculator Works

Payment Frequencies

Understanding Your Results

Examples

Learn more about calculations

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