Question 1

Which repayment methods does the Loan Calculator support?

Accepted Answer

It supports three repayment methods: amortized, equal principal, and balloon. Switching methods instantly recalculates your payments and the full schedule; with equal principal and balloon, the amount differs from one installment to the next. It's a free online loan calculator for comparing monthly payments across repayment methods.

Question 2

Can I see the payment schedule for each installment?

Accepted Answer

Yes. A table shows each installment's payment, principal, interest, and remaining balance. With amortized and equal-principal repayment, you can also see how the split between principal and interest changes over time.

Question 3

Can I use it for a mortgage or personal loan?

Accepted Answer

Yes. Just enter the principal, rate, and term and choose a repayment method — it works for any loan type. Note that grace periods, prepayment fees, and variable rates are not reflected.

Question 4

Can I calculate in other currencies?

Accepted Answer

Yes. The currency matching your language is applied by default, and you can switch to another major currency.

Question 5

Is the loan information I enter stored on a server?

Accepted Answer

No. All calculations run directly in your browser, so the principal, rate, and term you enter are never sent to or stored on a server. It's a free online loan calculator you can use safely with no installation.

Question 6

Will the result match my actual loan product?

Accepted Answer

The result is for reference only. Actual amounts may differ depending on each bank's interest calculation and rounding, so please confirm with your financial institution before proceeding.

Loan Calculator

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