Truck Loan Calculator
Calculate monthly payments, total interest, and amortization schedule for truck loans. Supports USA, Philippines, Canada, Australia, and India. Plan your truck financing with extra payments and EMI calculations.
Loan Details
Common: 36, 48, 60, 72, 84 months
Summary
Payment Schedule
| Month | Date | Principal | Interest | Total | Balance |
|---|---|---|---|---|---|
| 1 | December 1, 2025 | $707.47 | $270.83 | $978.31 | $49,292.53 |
| 2 | January 1, 2026 | $711.31 | $267.00 | $978.31 | $48,581.22 |
| 3 | February 1, 2026 | $715.16 | $263.15 | $978.31 | $47,866.06 |
| 4 | March 1, 2026 | $719.03 | $259.27 | $978.31 | $47,147.03 |
| 5 | April 1, 2026 | $722.93 | $255.38 | $978.31 | $46,424.10 |
| 6 | May 1, 2026 | $726.84 | $251.46 | $978.31 | $45,697.26 |
| 7 | June 1, 2026 | $730.78 | $247.53 | $978.31 | $44,966.48 |
| 8 | July 1, 2026 | $734.74 | $243.57 | $978.31 | $44,231.74 |
| 9 | August 1, 2026 | $738.72 | $239.59 | $978.31 | $43,493.02 |
| 10 | September 1, 2026 | $742.72 | $235.59 | $978.31 | $42,750.30 |
| 11 | October 1, 2026 | $746.74 | $231.56 | $978.31 | $42,003.55 |
| 12 | November 1, 2026 | $750.79 | $227.52 | $978.31 | $41,252.77 |
| 13 | December 1, 2026 | $754.85 | $223.45 | $978.31 | $40,497.91 |
| 14 | January 1, 2027 | $758.94 | $219.36 | $978.31 | $39,738.97 |
| 15 | February 1, 2027 | $763.05 | $215.25 | $978.31 | $38,975.91 |
| 16 | March 1, 2027 | $767.19 | $211.12 | $978.31 | $38,208.73 |
| 17 | April 1, 2027 | $771.34 | $206.96 | $978.31 | $37,437.38 |
| 18 | May 1, 2027 | $775.52 | $202.79 | $978.31 | $36,661.86 |
| 19 | June 1, 2027 | $779.72 | $198.59 | $978.31 | $35,882.14 |
| 20 | July 1, 2027 | $783.95 | $194.36 | $978.31 | $35,098.19 |
| 21 | August 1, 2027 | $788.19 | $190.12 | $978.31 | $34,310.00 |
| 22 | September 1, 2027 | $792.46 | $185.85 | $978.31 | $33,517.54 |
| 23 | October 1, 2027 | $796.75 | $181.55 | $978.31 | $32,720.78 |
| 24 | November 1, 2027 | $801.07 | $177.24 | $978.31 | $31,919.71 |
| 25 | December 1, 2027 | $805.41 | $172.90 | $978.31 | $31,114.31 |
| 26 | January 1, 2028 | $809.77 | $168.54 | $978.31 | $30,304.53 |
| 27 | February 1, 2028 | $814.16 | $164.15 | $978.31 | $29,490.38 |
| 28 | March 1, 2028 | $818.57 | $159.74 | $978.31 | $28,671.81 |
| 29 | April 1, 2028 | $823.00 | $155.31 | $978.31 | $27,848.81 |
| 30 | May 1, 2028 | $827.46 | $150.85 | $978.31 | $27,021.35 |
| 31 | June 1, 2028 | $831.94 | $146.37 | $978.31 | $26,189.40 |
| 32 | July 1, 2028 | $836.45 | $141.86 | $978.31 | $25,352.96 |
| 33 | August 1, 2028 | $840.98 | $137.33 | $978.31 | $24,511.98 |
| 34 | September 1, 2028 | $845.53 | $132.77 | $978.31 | $23,666.44 |
| 35 | October 1, 2028 | $850.11 | $128.19 | $978.31 | $22,816.33 |
| 36 | November 1, 2028 | $854.72 | $123.59 | $978.31 | $21,961.61 |
| 37 | December 1, 2028 | $859.35 | $118.96 | $978.31 | $21,102.26 |
| 38 | January 1, 2029 | $864.00 | $114.30 | $978.31 | $20,238.26 |
| 39 | February 1, 2029 | $868.68 | $109.62 | $978.31 | $19,369.57 |
| 40 | March 1, 2029 | $873.39 | $104.92 | $978.31 | $18,496.19 |
| 41 | April 1, 2029 | $878.12 | $100.19 | $978.31 | $17,618.07 |
| 42 | May 1, 2029 | $882.88 | $95.43 | $978.31 | $16,735.19 |
| 43 | June 1, 2029 | $887.66 | $90.65 | $978.31 | $15,847.53 |
| 44 | July 1, 2029 | $892.47 | $85.84 | $978.31 | $14,955.06 |
| 45 | August 1, 2029 | $897.30 | $81.01 | $978.31 | $14,057.76 |
| 46 | September 1, 2029 | $902.16 | $76.15 | $978.31 | $13,155.60 |
| 47 | October 1, 2029 | $907.05 | $71.26 | $978.31 | $12,248.55 |
| 48 | November 1, 2029 | $911.96 | $66.35 | $978.31 | $11,336.59 |
| 49 | December 1, 2029 | $916.90 | $61.41 | $978.31 | $10,419.69 |
| 50 | January 1, 2030 | $921.87 | $56.44 | $978.31 | $9,497.83 |
| 51 | February 1, 2030 | $926.86 | $51.45 | $978.31 | $8,570.96 |
| 52 | March 1, 2030 | $931.88 | $46.43 | $978.31 | $7,639.08 |
| 53 | April 1, 2030 | $936.93 | $41.38 | $978.31 | $6,702.15 |
| 54 | May 1, 2030 | $942.00 | $36.30 | $978.31 | $5,760.15 |
| 55 | June 1, 2030 | $947.11 | $31.20 | $978.31 | $4,813.04 |
| 56 | July 1, 2030 | $952.24 | $26.07 | $978.31 | $3,860.81 |
| 57 | August 1, 2030 | $957.39 | $20.91 | $978.31 | $2,903.41 |
| 58 | September 1, 2030 | $962.58 | $15.73 | $978.31 | $1,940.83 |
| 59 | October 1, 2030 | $967.79 | $10.51 | $978.31 | $973.04 |
| 60 | November 1, 2030 | $973.04 | $5.27 | $978.31 | $0.00 |
About Truck Loan Calculator
Our free truck loan calculator helps you plan your commercial vehicle financing across multiple countries including the United States, Philippines, Canada, Australia, and India. Whether you're purchasing a new or used truck for your business, this tool provides accurate calculations for monthly payments, total interest costs, and complete amortization schedules.
The calculator supports two repayment methods: Equal Payment (EMI) and Equal Principal. The EMI method, commonly used in India and other countries, calculates fixed monthly payments that include both principal and interest. The Equal Principal method results in decreasing monthly payments as the principal balance reduces over time.
For truck loans in the USA, typical interest rates range from 5% to 8% depending on credit score and loan terms. In the Philippines, truck financing rates are generally higher, typically between 7% and 12%. Canadian truck loans often feature competitive rates between 5.5% and 7.5%, while Australian lenders typically offer rates from 6% to 9%. In India, commercial vehicle loans, including truck finance, usually have rates between 8% and 12%, with EMI being the standard repayment method.
Our truck payment calculator allows you to explore different scenarios by adjusting loan amounts, interest rates, and terms. You can also calculate the impact of making extra payments, either monthly or as a one-time lump sum. This feature helps you understand how additional payments can reduce total interest costs and shorten your loan term.
The calculator automatically adjusts currency symbols and default interest rates based on your selected country, making it easy to plan truck financing regardless of your location. Whether you're a business owner in Texas looking for truck financing, a fleet operator in Canada, or a logistics company in India, this tool provides the insights you need to make informed financing decisions.
Use the payment schedule feature to see a detailed month-by-month breakdown of your truck loan payments. The schedule shows principal and interest components for each payment, helping you understand how your loan balance decreases over time. You can export the complete schedule to CSV format for further analysis or record-keeping.
When planning your truck purchase, consider factors such as down payment amount, which can significantly reduce your monthly payments and total interest costs. Our calculator helps you visualize these impacts, allowing you to optimize your financing strategy for your commercial vehicle needs.