Simple Interest Loan Calculator
Interest that does not compound.
Your figures stay on your computer — no server, no tracking, no registrationTry: Principal=5000, APR=10, Time=2 → $5,000, 10%, 2, $1,000, $6,000
How to use
Simple interest is charged only on the original principal, not on accrued interest. Common for short-term and some auto loans.
Formula
Interest = principal × rate × time.
FAQ
Simple vs amortizing?
Amortizing loans also charge simple interest per period but recalculate on the falling balance.
Precompute the total?
Multiply principal × rate × years for the full interest.
Related calculators
Auto Loan CalculatorCar Loan Calculator with Trade InCar Loan Calculator with Down PaymentUsed Car Loan CalculatorNew Car Loan CalculatorCar Loan Amortization CalculatorAuto Loan Payoff CalculatorAuto Loan Early Payoff CalculatorAuto Loan Interest CalculatorCar Loan Payment CalculatorLoan Calculator with Trade In and TaxesLoan Calculator with Down Payment and Trade InStudent Loan CalculatorStudent Loan Payoff CalculatorStudent Loan Payoff Calculator by DateStudent Loan Interest CalculatorStudent Loan Amortization CalculatorStudent Loan Payment CalculatorPersonal Loan CalculatorPersonal Loan Calculator with AmortizationPersonal Loan Monthly Payment CalculatorDebt Consolidation Loan CalculatorSmall Business Loan CalculatorLoan Amortization CalculatorLoan Amortization Schedule with Extra PaymentsAmortization Schedule Extra PrincipalLoan Payoff CalculatorEarly Loan Payoff CalculatorLoan Interest CalculatorLoan Payment CalculatorRemaining Loan Balance CalculatorBiweekly Loan Payment CalculatorRefinance Loan CalculatorMotorcycle Loan CalculatorRV Loan CalculatorBoat Loan CalculatorSolar Loan CalculatorHome Improvement Loan CalculatorLoan Calculator with Balloon PaymentLoan Comparison CalculatorLoan Calculator with APRFixed Rate Loan CalculatorVariable Rate Loan CalculatorLoan Calculator with PrepaymentLoan Deferment CalculatorLoan Calculator by Monthly PaymentLoan Term CalculatorLoan Calculator with PMILoan Calculator with Fee