

Calculate Your Money Moves with Max Cash
Max Cash makes it easy to estimate the amounts of your loan payments with our helpful calculators. Enter the loan amount, interest rate, and loan term to get started!
Choose a Loan Type to Start Calculating
Select the type of loan you need and use our calculator to instantly estimate your monthly payments, interest, and payoff details. Whether it’s a personal loan, emergency expense, or short-term cash need—Max Cash makes it simple to plan ahead.
Personal Loan Calculator
Plan for life’s big expenses with a Personal Loan. Get flexible terms and competitive rates to cover anything from home repairs to debt consolidation.4 5
Emergency Loan Calculator
When unexpected bills hit, Emergency Loans provide fast funds to help you manage medical bills, urgent repairs, or any sudden expense.5
Payday Loan Calculator
Bridge the gap between paychecks with a Payday Loan. Designed for short-term needs, this option gives you quick cash with simple repayment on your next payday.4 5
Installment Loan Calculator
Need predictable payments over time?4 Installment Loans break your loan into fixed monthly payments, making budgeting easier and stress-free.4
Cash Advance Calculator
Get fast access to cash when you need it most through a Cash Advance with the help of Max Cash.2 5 Ideal for smaller amounts and short-term needs, with fast approval and funding.1
Frequently Asked Questions
How to Use a Loan Payment Calculator
A loan calculator is designed to estimate what the repayment process will look like for you based on the loan product you choose, along with the loan’s interest rate, principal amount borrowed, and the length of the loan term.
Simply enter your desired loan amount and the loan’s estimated APR (Annual Percentage Rate) and the amount of time you have in the payoff period in order to see what your monthly payment will look like over the life of the loan. A loan calculator is just an estimation, so it’s not an exact match of your loan terms and conditions – but it can provide valuable insight into your loan’s amortization schedule and give you a better idea of what you will pay in interest over time.
For example, let’s say that you borrow $10,000 through a personal loan in order to consolidate credit card debt from multiple cards with high balances. Your monthly payment on a 24 month loan with a 10% interest rate would be around $461.
What is a Loan Term?
A loan term refers to the amount of time you will have to pay off the principal amount borrowed, plus interest and any applicable fees. In the case of installment loans, like personal loans and some title loans, you will repay the loan in equal installments over a set period of time. Loan terms can vary from 30 days to up to a few years in some cases.4
Shorter loan terms (such as 12 or 24 months) typically come with higher monthly payments, but result in paying less in interest over time. On the other hand, longer loan terms (like 60 or 72 months) offer lower monthly payments, which can be easier on your monthly budget, but they generally lead to more interest paid over the duration of the loan.
How To Calculate Interest On a Loan
The method to calculate interest on a loan will change depending on the type of loan and interest applied to the principal amount. Simple interest is the easiest to calculate and is often used for short-term loans, such as payday loans and cash advances. It’s calculated using the formula: Interest = Principal × Rate × Time.
Compound interest, which is primarily used for credit cards and some personal loans, is calculated using the formula: A = P × (1 + r/n)^(nt), where interest is added to the balance periodically.
Lastly, amortized loans, such as mortgages or installment loans, require you to make monthly payments that apply to both the interest and principal at the same time. To calculate an amortized loan, the formula is: M = P × r × (1 + r)^n / [(1 + r)^n – 1], where M is the monthly payment, P is the loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of payments.
What is My Principal Loan Amount?
The principal loan amount is the amount you borrow from a lender or financial institution, and it does not include other costs of the loan, such as interest or origination fees. A loan calculator will take factors like your principal loan amount and the loan’s interest rate in order to calculate the total amount of money you are expected to pay back.
What is an Amortization Schedule?
By using a loan calculator to review your loan’s amortization schedule, you can see each loan payment over time. Your loan payment schedule will show how much of each payment goes toward interest and how much goes toward reducing the principal balance, until the loan is fully paid off.
Amortization schedules also keep track of the remaining loan balance after each payment, which can help borrowers see exactly how their debt obligation decreases over time and how interest is applied to the payments throughout the entire loan term.
Which Loan Calculator Should You Use?
The loan calculator you use matters, because the terms of the loan can vary depending on the type of loan you want to borrow money through. For example, payday loans have shorter borrowing periods than personal loans and emergency loans, so it’s important to choose the right calculation based on your loan term.