Get the X-ray vision you need to see how much interest you’re paying every month and how much of your payment is actually going towards the balance of your loan.
Do you know how much you’ll pay each month on your student loans? Whether repayment is still years away or just around the corner, it’s important to know what your monthly bill will be.
This easy-to-use calculator crunches the numbers for you so you can see exactly how much you’ll pay on your student loan each month, based on your loan balance, interest rate and repayment term. Plus, it reveals how much interest you’ll pay over the life of your loan.
You can also play around with the numbers to see, for example, how much you’d have to pay each month to get rid of your debt in five years instead of 10. It might even inspire you to pay off your student loan ahead of schedule!
We hate fine print. We created this entire site because of the nasty fine-print habits of other companies. Unfortunately, the legal team insist we include the following:
MagnifyMoney is not a lender, does not broker loans to lenders and does not make personal loans or credit decisions. This website does not constitute an offer or solicitation to lend.
Offers provided to customers who originated via a paid Google or Bing advertisement feature rate quotes on LendingTree of no greater than 35.99% APR with terms from 61 days to 180 months. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. For additional loan options, please call 800-339-4896. An example of total amount paid on a personal loan of $10,000 for a term of 36 months at a rate of 10% would be equivalent to $11,616.12 over the 36 month life of the loan.
For complete details on any product see the terms and conditions on the financial institution's website.
MagnifyMoney is a free, independent service providing unbiased comparisons of financial products, therefore if we are compensated then we will let you know on the product page before you leave our website.
Once you click to apply for an offer, you will be directed to a third-party website at which point you should give the fine print a gut check
While we trudge through the fine print for you, we are only offering a summary not all the intricate, legal conditions (which is why you wanted our opinion anyway, right?).
Be sure you do understand the full terms provided by the financial institution before signing the dotted line, or lets be real, clicking the "I Agree" button.
We do our best to make sure our calculations are up-to-date, but we are human and can't make warranties regarding the accuracy of our information. If you find an error please let us know here.