What is the monthly payment on a $20,000 loan?

It depends on the interest rate and term. At 7% for 5 years, the monthly payment would be about $396. Use the calculator to enter your exact details.

How do I reduce my loan interest?

Pay more than the minimum each month, choose a shorter term, or refinance at a lower rate. Even small extra payments significantly reduce total interest.

What is APR vs interest rate?

APR (Annual Percentage Rate) includes both the interest rate and lender fees, giving a more complete picture of the loan's true cost.

Loan Calculator

Calculate monthly loan payments and total interest for any personal or auto loan.

Text input

About Loan Calculator

Calculate monthly loan payments and total interest for any personal or auto loan. Powered by JustUse.me — free, ad-free, and private. This tool runs entirely in your browser. Your files are never uploaded to any server.

Related tools

Mortgage Calculator

Compound Interest Calculator

Debt Payoff Calculator

Percentage Calculator