Loan Calculator
Compare what the same loan costs across several repayment terms at once, so the trade-off between a lower monthly payment and a higher total cost is visible in one view.
How to use the Loan Calculator
- Enter the amount you want to borrow.
- Enter the annual interest rate.
- Review the comparison table and pick the tenure whose total cost you are comfortable with.
About the Loan Calculator
Lenders advertise the monthly payment because it is the smallest-sounding number. The figure that decides whether a loan is a good deal is the total repaid over its life. This calculator lays several tenures side by side with monthly payment, total interest and total repayment for each, which makes it obvious when a longer term is quietly costing far more. All calculations run locally in your browser.
Frequently asked questions
Which loan tenure should I choose?
The shortest one whose monthly payment fits your budget with room to spare — shorter terms almost always cost less overall.
What does total interest mean?
It is everything you pay above the amount borrowed, across the full life of the loan.
Does this include processing fees or insurance?
No. It calculates interest only, so add any one-off fees your lender charges separately.
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