• Enter the total amount
loan calculator of money you wish to borrow, or the loan amount.
• Type in the loan period, indicating how many years or months you wish to repay the loan over.
• Enter the interest rate for the payment calculator. This is the annual percentage rate, or APR, that you are charged by the lender.
• The loan calculator will display the monthly payment, total interest, and total cost of the loan when you click the calculate button.