Personal Loan Calculator
Free online personal loan calculator supporting equal payment and equal principal repayment methods, accurately calculating monthly payment, total interest and repayment schedule
Personal Loan Calculator Documentation
What is Personal Loan Calculator?
Personal Loan Calculator is a professional online loan calculation tool that supports two repayment methods: equal payment and equal principal. It can accurately calculate monthly payment, total interest, and repayment schedule. Suitable for mortgage, car loan, consumer loan and other personal loan calculations and planning.
Core Features
- Support two repayment methods: equal payment and equal principal
- Accurately calculate monthly payment, total interest and total payment
- Generate detailed repayment schedule showing principal, interest and balance month by month
- Support one-click copy of calculation results
- Support export repayment schedule to Excel format
- 100% frontend local operation, data secure and reliable
Repayment Methods
Equal Payment
Equal payment means the monthly payment amount is the same, with the principal proportion increasing monthly and the interest proportion decreasing monthly. This repayment method is suitable for borrowers with stable income.
Equal Principal
Equal principal means the monthly principal payment is the same, with interest decreasing monthly, so the total monthly payment decreases monthly. This repayment method has greater repayment pressure in the early stage, but less total interest.
Use Cases
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Mortgage calculation: Calculate monthly payment and total interest for home loans to help plan home purchase budget
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Car loan calculation: Calculate repayment schedule for car loans and choose the most suitable loan plan
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Consumer loan calculation: Calculate repayment situation for various consumer loans and assess repayment ability
Notes
- • Calculation results are for reference only. Actual loan interest rates and repayment methods are subject to the contract with the bank or financial institution
- • Equal payment method has the same monthly payment amount, suitable for borrowers with stable income
- • Equal principal method has greater repayment pressure in the early stage but less total interest, suitable for borrowers with higher income
- • It is recommended to choose the appropriate repayment method based on your economic situation and repayment ability
- • All calculations are done locally in the browser, no data is uploaded to the server