Navigating loan options can be overwhelming, but a loan calculator makes it simple. This beginner’s guide explains how to use these tools to estimate monthly payments, understand interest costs, and choose the right term for your needs. Learn what principal, interest rate, and loan tenure mean, and how adjusting each input affects your repayment plan. From car and home to education and business loans, this guide helps you compare options, plan effectively, and potentially save money. Master loan calculators and take control of your borrowing decisions with clarity and confidence.