GlimTV Tools Fast, simple web utilities

Loan Calculator

Use this loan calculator to estimate your monthly payment, total interest, and total repayment. It also generates a simple amortization schedule so you can see how the loan reduces over time.

Estimate loan repayment

Enter loan amount, annual interest rate, and loan term. Then click calculate.

Loan amount

Annual interest rate (%)

Loan term (years)

Payment frequency

Enter your loan details to calculate repayment.

Tip: Use “Load example” to test quickly.

Ready

Note

This is a calculator for estimates. Banks and lenders may add fees, insurance, and other charges. Always confirm final repayment terms with your lender.

How this loan calculator works

The calculator uses the standard loan repayment formula (amortization). Each payment includes:

Interest: the lender’s charge for borrowing money
Principal: the part that reduces your loan balance

Quick tip

If your interest rate is high, most early payments go to interest. Later payments reduce the principal faster.

FAQ

Is weekly calculation accurate?

Weekly results are an approximation because many lenders still compute interest monthly. Use monthly for the most common loan pattern.

Why is my bank result different?

Banks can include fees, insurance, processing charges, and different compounding methods. This calculator is for estimation and planning.

Can I calculate for months instead of years?

This calculator uses years for simplicity. You can enter 0.5 for 6 months, 1.5 for 18 months, and so on.