Finance Tools

Loan Interest Calculator

Calculate loan interest based on principal, interest rate, and time. Get total interest and total amount repaid.

Inputs

Results

Total Interest
$1,800
Total Amount Paid
$11,800

How to use this loan interest calculator

  1. Enter the loan principal (amount borrowed).
  2. Enter the annual interest rate (APR).
  3. Enter the loan term (in months or years).
  4. Choose interest type (simple or compound, if available).
  5. Click Calculate to see total interest and total repayment amount.

Example

For example, if you borrow $10,000 at 6% APR for 3 years, this calculator will show:

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