Loan monthly payment Calculator

Loan amount
Interest rate
Number of period

Curious about your monthly loan payments? Utilize the loan monthly payment online calculator for a clear view! Provide your loan amount, loan term, and interest rate, and the calculator will show you your monthly loan expenditure.

Loan monthly payment formula

    \[P = \frac{L \cdot \frac{r}{12}}{1 - (1 + \frac{r}{12})^{-n}}\]


  • P – is the monthly payment.
  • L – is the loan amount.
  • r – is the annual interest rate (expressed as a decimal).
  • n - is the number of payments (usually the total number of months)

Loan monthly payment Calculator

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