True Loan Cost is a global loan repayment calculator that shows the real cost of any loan over time. Instantly calculate monthly, weekly, or fortnightly repayments, see how much interest you will actually pay, and discover how extra payments can save you thousands.
Compare Loan Rates in Your Country
TrueLoanCost is an independent loan comparison website. We are not a lender.
Banks show your repayments.
True Loan Cost shows what you'll really pay.
I already know my repayment
Enter your repayment amount to calculate the implied interest rate
Could You Save Even More?
See if you could get a better home loan rate and save thousands over the life of your loan.
Loan comparison is currently unavailable in your country. We are expanding to new regions soon.
Amortization Schedule
Detailed breakdown of each payment period
Who should use TrueLoanCost?
- First home buyers
- Property investors
- People refinancing loans
- Anyone comparing loan offers from banks
- Car and personal loan borrowers
- Business owners taking loans
- Anyone wanting to understand the real cost of borrowing
TrueLoanCost is an independent loan repayment calculator and comparison website.
Our calculator helps users worldwide understand how much their loans truly cost by showing full repayment schedules, total interest paid, and the impact of extra repayments.
Loan comparison services are currently available in Australia and New Zealand.
TrueLoanCost is not a lender and does not provide financial advice. Our goal is to provide transparency so users can make informed decisions before applying with a lender.
Interest is the hidden cost of every loan. TrueLoanCost helps you understand exactly how interest is calculated and how small extra payments can save you thousands over time.
What does TrueLoanCost calculate?
TrueLoanCost calculates your full loan repayment schedule including repayment amounts, total interest paid, and loan payoff time.
Can I use this for mortgages and home loans?
Yes. This calculator works for mortgages and home loans in any country.
Can I calculate car loans, personal loans, or business loans?
Yes. Enter any loan amount, interest rate, and term to calculate any type of loan.
Does this show how much interest I will pay?
Yes. You can see the exact total interest you will pay over the life of the loan.
Can I see the impact of extra repayments?
Yes. Add extra repayments and instantly see how much time and interest you save.
Is this calculator free?
Yes. TrueLoanCost is 100% free and does not store your data.
Why compare weekly, fortnightly, and monthly repayments?
Changing repayment frequency can reduce total interest and shorten your loan term.
Does this work with all currencies?
Yes. You can use TrueLoanCost with any currency worldwide.