Fixed Loan Calculator

Fixed Loan Definition

Calculating a fixed loan rate amount has never been easier with the help of our Fixed Loan Calculator. This calculator can be used to calculate fixed rate loan amounts for virtually any purpose, like a car payment or school loans. Just enter your data into the calculator to find out how much you will pay on your fixed rate loan.

Loan Amount

Enter the amount you are planning to borrow. This does not include any interest a lender may be charging or any additional fees.

Length of Loan (In Months)

Enter the length of your loan in months. The length of your loan will depend on the kind of loan you are interested in. For example, car loans generally range between four to six years while a mortgage may be twenty years or more. If you are not sure how long you want your fixed rate loan to be, try different lengths to get a better idea of that you might be paying.

Once you have entered your information, click the Calculate button at the bottom of the calculator. The calculator will then tell you what your monthly payment will be. It will also tell you the total amount of interest you will pay and the full amount you will pay by the end of your term, including the balance of your loan.

Some important things to remember about calculating loans is that different lenders have different interest rates. Some lenders only offer loans in certain term lengths, so be mindful about the terms you are interested in.

This calculator can help you determine the amount and duration of your fixed rate loan so that you can plan ahead accordingly, whether you are budgeting now or in the future.

How to Calculate Fixed Loan

Let's be honest - sometimes the best fixed loan calculator is the one that is easy to use and doesn't require us to even know what the fixed loan formula is in the first place! But if you want to know the exact formula for calculating fixed loan then please check out the "Formula" box above.

Add a Free Fixed Loan Calculator Widget to Your Site!

You can get a free online fixed loan calculator for your website and you don't even have to download the fixed loan calculator - you can just copy and paste! The fixed loan calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the "Customize" button above to learn more!