The Loan Calculator helps you estimate monthly repayments for a fixed-rate loan such as a personal loan, car loan, or mortgage. Understanding your expected payment schedule before borrowing is essential for responsible budgeting. This tool lets you enter the loan amount, annual interest rate, and repayment term, and then computes the typical monthly instalment using the standard amortisation formula.

The result gives you an idea of how much of your monthly income will need to be reserved for the loan. You can experiment by adjusting the duration or interest rate to see how they affect the payment and the total amount repaid over time. While the calculator provides an approximate figure, your bank or lender may charge additional fees or use slightly different rounding rules, so the output should be treated as an estimate rather than a formal quote.

All calculations are performed locally in your browser and no financial data is stored. This makes the tool a safe way to explore different borrowing scenarios before speaking with a lender. It is useful for students learning finance concepts as well as for everyday users planning real-world loans.