Loan Fee Calculator – Estimate Loan Charges Easily

When you take a loan, banks or financial institutions often charge a loan fee (sometimes called a processing fee or origination fee). This fee is usually a percentage of the loan amount. Our Loan Fee Calculator helps you quickly determine the total loan fee and the overall loan cost before borrowing.

This tool is useful for borrowers who want to understand the hidden costs of loans and make smarter financial decisions.

Formula for Loan Fee

$\text{Loan Fee}=\text{Loan Amount}\times \left(\frac{\text{Loan Fee Rate (\%)}}{100}\right)$

Formula for Total Loan Cost

$\text{Total Loan Cost}=\text{Loan Amount}+\text{Loan Fee}$

Example Calculation

Suppose you are applying for a loan:

• Loan Amount = $10,000
• Loan Fee Rate = 2%

Step 1: Calculate Loan Fee

$\text{Loan Fee}=10,000\times \left(\frac{2}{100}\right)=10,000\times 0.02=200$

Step 2: Calculate Total Loan Cost

$\text{Total Loan Cost}=10,000+200=10,200$​​​​​​​

Final Answer:

• Loan Fee = $200
• Total Loan Cost = $10,200