
Installment Loan Calculator
Ready to apply for an Installment Loan? Try out the Max Cash Installment Loan Calculator to see what your estimated payments would be. Max Cash calculators are a smart way to compare loan terms and plan your budget with confidence.

- Installment
- Personal
- Emergency
- Payday
- Cash Advance
Calculate Your Installment Loan Estimate Below
Month | Principal | Interest | Total Paid | Unapplied |
How to Use the Installment Loan Calculator
Plan your installment loan with confidence—our calculator shows you what
your estimated payments will look like.
Loan Amount
Enter the total amount you wish to borrow through the installment loan.
Payment Duration
Select the number of months over which you plan to repay the loan.
APR (%)
Input the annual percentage rate (APR) applied to your installment loan.

What is a Installment Loan & How Can Max Cash® Help You Get One?
An installment loan lets you borrow a set amount and repay it over time through fixed monthly payments. It’s commonly used for larger expenses like car repairs, medical bills, or major purchases.
Max Cash makes it easy to find the right installment loan by connecting you with trusted lenders. With one simple application, you can compare options and choose a plan that fits your budget. 2 3
Installment Loan Calculator
Frequently Asked Questions
To calculate the finance charge on an installment loan, you subtract the original loan amount (also called the amount financed) from the total of all payments made over the life of the loan. The finance charge includes the total interest paid, and may also include additional loan fees, like origination fees.
If you borrow $10,000 through an installment loan at a 10% APR (annual percentage rate) over 36 months and your monthly payment is approximately $322.67, the total of all payments would be $11,616.19. Subtracting the original loan amount from this gives a finance charge of $1,616.12, which represents the total cost of borrowing the money, excluding any upfront fees from the lender or loan servicer.
To calculate car loan installments, you need to know the loan amount, interest rate (APR), and the loan term in months. Most car loans are amortized, meaning you make fixed monthly payments that include both principal and interest. To calculate car loan installments, you simply divide the loan into equal monthly payments that cover both the principal and the interest.
Let’s say that you need to consolidate your debt, and you decide to borrow $25,000 at a 6% APR over 60 months. Your monthly payment would be approximately $483. To make this process easier, you can use Max Cash’s installment loan calculator. This tool helps you understand the payoff process for different installment loans, including car loans, personal loans, and some title loans, by estimating monthly payments and total repayment costs based on your loan details.
Interested in getting an installment loan? There are different types! You are likely more familiar with car loans and mortgage loans than you are with title loans, but you can use the installment loan calculator to review the repayment schedule for a variety of installment loans. As long as you have an estimation of the loan’s principal loan amount, the interest rate, and the length of the repayment period, using the installment loan calculator can be simple.
To calculate your loan installment amount, you’ll need three key details:
- The Loan Amount,
- The Interest Rate (APR),
- The Loan Term (In Months, Not Years)
Most installment loans, like personal, auto, or some title loans, are paid off in equal monthly payments that include both principal and interest, which is referred to as being amortized. The easiest way to estimate your monthly payment is by using a loan calculator, but if you want to learn the math behind calculating your monthly loan installment, you can use a standard amortized loan formula.
This formula takes into account the loan amount (principal), the interest rate, and the loan term. First, divide your annual interest rate by 12 to get the monthly interest rate. From there, you will multiply the loan amount by the monthly interest rate, then multiply that result by (1 + monthly rate) raised to the power of the number of monthly payments. Next, divide that number by (1 + monthly rate) raised to the number of payments, minus 1. The result is your fixed monthly payment. While the formula can be a bit complex, tools like the Max Cash installment loan calculator make it easy by doing the math for you—helping you understand more about what your monthly payments will be.2 4