Loans Calculator

Our free loans calculator is a comprehensive tool designed to help you plan and manage various types of loans across multiple countries and financial institutions. Whether you're looking for a personal loan, car loan, home loan, mortgage loan, or auto loan, this calculator provides accurate EMI (Equated Monthly Installment) calculations and detailed repayment schedules.

The calculator supports loans from major banks including Tesco Bank, NatWest, HSBC, and Halifax in the United Kingdom, as well as HSBC branches in Australia, Canada, and Malaysia. You can also use custom interest rates for any country, including South Africa and Kenya, making it a versatile tool for international loan planning.

One of the key features of this loans calculator is its ability to calculate EMI payments. EMI is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. The EMI calculation takes into account the principal loan amount, the annual interest rate, and the loan term in years, providing you with an accurate monthly payment amount.

For car loans and auto loans, the calculator helps you understand the total cost of financing your vehicle, including the total interest you'll pay over the loan term. This is particularly useful when comparing different loan offers or deciding between financing options. The calculator also supports extra payment scenarios, allowing you to see how making additional payments can reduce your total interest and shorten your loan term.

When planning a home loan or mortgage loan, understanding your monthly payment obligations is crucial for budgeting. Our calculator provides detailed amortization schedules that show how each payment is split between principal and interest, helping you understand how your loan balance decreases over time. This is especially important for long-term loans where the interest portion of payments is higher in the early years.

The calculator's multi-country support means you can use it for loans in the UK, South Africa, Kenya, Australia, Canada, and Malaysia. Each country has different interest rate environments and banking practices, and our calculator accounts for these variations by providing country-specific default rates while still allowing you to input custom rates.

Bank-specific rate presets are available for Tesco Bank, NatWest, HSBC, and Halifax in the UK, making it easy to get started with accurate rate information. For other countries, you can use the custom rate option or select HSBC if available in your region. The calculator automatically updates the interest rate when you change the bank or loan type, ensuring you're working with relevant rate information.

Extra payment functionality allows you to model scenarios where you make additional payments either monthly or as a one-time lump sum. This feature shows you exactly how much interest you can save and how many months you can shave off your loan term by making extra payments. This is particularly valuable for personal loans and car loans where borrowers often want to pay off their debt faster.

The payment schedule export feature allows you to download your complete amortization schedule as a CSV file, making it easy to import into spreadsheet applications for further analysis or record-keeping. This is especially useful for mortgage loans and home loans where you may want to track your payments over many years.

Whether you're comparing loan offers from different banks, planning your budget for a new car or home, or exploring how extra payments can save you money, our loans calculator provides the tools and information you need to make informed financial decisions. The calculator is free to use, requires no registration, and provides instant results for all supported loan types and countries.