How do I use the Bankrate loan interest calculator?

The Bankrate loan interest calculator only applies to loans with fixed or simple interest. When used correctly, it can help you determine the total interest over the life of your loan, as well as the average monthly interest payments. To use the calculator, enter the beginning balance of your loan and your interest rate.

How do I calculate a fixed interest loan payment?

The Payment Calculator can determine the monthly payment amount or loan term for a fixed interest loan. Use the "Fixed Term" tab to calculate the monthly payment of a fixed-term loan. Use the "Fixed Payments" tab to calculate the time to pay off a loan with a fixed monthly payment.

How do I calculate a loan payment?

Use this loan calculator to determine your monthly payment, interest rate, number of months or principal amount on a loan. Find your ideal payment by changing loan amount, interest rate and term and seeing the effect on payment amount.