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Calctive

Loan Calculator

Calculate your loan payments with flexible payment frequencies. See your total interest costs and compare different payment schedules with our comprehensive loan calculator.

Input Values

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💡Quick Tips

  • •More frequent payments (bi-weekly/weekly) reduce total interest paid
  • •Shorter loan terms mean higher payments but significant interest savings
  • •Compare different payment frequencies to find the best option for your budget

Results

LIVE

Enter values and calculate

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How to Use

  1. 1Enter the total loan amount you need to borrow
  2. 2Input the annual interest rate (APR)
  3. 3Select your desired loan term in years
  4. 4Choose your payment frequency (monthly, bi-weekly, or weekly)
  5. 5Click Calculate to see your payment amount and total costs
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Formula

P = L[r(1+r)^n] / [(1+r)^n - 1] Where: P = Payment Amount L = Loan Amount (Principal) r = Period Interest Rate n = Number of Payments
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Common Use Cases

Personal loan of $50,000 over 5 years at 7.5% APR
Auto loan with bi-weekly payments to pay off faster
Small business loan comparison with different terms
Compare weekly vs monthly payments to see interest savings