Loan Calculator
Calculate the monthly payment, total repayment, and total interest for a fixed-rate loan.
Free to use • No account required • Currency agnostic
Calculate a loan payment
Enter the loan amount, annual interest rate, and loan term.
How the loan calculation works
The calculator uses a fixed monthly payment formula based on the principal, monthly interest rate, and number of monthly payments.
Monthly rate = Annual rate ÷ 100 ÷ 12
Number of payments = Loan term converted to months
For a zero-interest loan, the monthly payment is simply the loan amount divided by the number of payments.
Omnivaro does not assign a currency to the loan amount, so all monetary values remain currency agnostic.