Loan Calculator
NEWEnter loan amount, interest rate, and tenure to see your monthly EMI, total interest payable, and total payment amount.
Amortization Schedule (first 12 months)
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How to use Loan Calculator
- Enter the loan amount (principal).
- Enter the annual interest rate.
- Enter the loan tenure in months or years.
- Click Calculate to see EMI, total interest, and total payment.
What is Loan Calculator?
This loan calculator uses the standard EMI formula to compute your Equated Monthly Installment. Enter the principal amount, annual interest rate, and loan tenure in months or years to get instant results.
The calculator also shows total interest payable and the total amount you'll pay over the loan duration. All calculations happen in your browser.
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FAQ
- What is EMI?
- EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each month. It includes both principal and interest components.
- How is EMI calculated?
- EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly installments.
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