Calculator Tool

Loan Calculator
Calculate EMI, Interest & Total Repayment

Calculate your monthly loan installment, total interest payable and total repayment amount instantly. Works for personal, home, car, education and business loans.

Calculate Loan EMI

Enter the loan amount, interest rate and tenure to get an instant repayment breakdown

Enter the principal amount you wish to borrow.
Annual interest rate charged by the lender.
Repayment period in the selected unit below.
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Monthly EMI
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Principal Amount
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Total Interest
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Total Repayment
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Total Installments
💳 Interest as % of Loan
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of the principal amount is paid as interest
Summary: --

How to Use the Loan Calculator

Get an accurate EMI breakdown in 4 simple steps

1
Enter the Loan Amount

Type the total principal amount you plan to borrow from the lender.

2
Enter the Interest Rate

Enter the annual interest rate quoted by the bank or lending institution.

3
Enter the Loan Tenure

Enter the repayment period and choose whether it's in years or months.

4
Click Calculate EMI

Instantly see your monthly EMI, total interest payable and total repayment amount.

Why Use This Loan Calculator?

Plan and compare loans before you borrow

  • Works for any loan type: Personal, home, car, education or business loans all use the same reducing-balance EMI formula.
  • Full repayment breakdown: See EMI, total interest, and total repayment amount in one view.
  • Flexible tenure input: Enter your loan term in years or months, whichever your lender quotes.
  • Interest cost visibility: See exactly what percentage of your loan amount goes toward interest.
  • No account needed: Use instantly, no login or registration required ever.

Loan Calculator vs. EMI Calculator

Both use the same formula — here's how they differ in scope

EMI Calculator
  • Focused purely on computing the fixed monthly installment amount.
  • Typically used once a specific principal, rate and tenure are already decided.
  • Best for a quick "what will my monthly payment be" check.
Loan Calculator
  • Shows EMI plus the full cost picture: total interest and total repayment.
  • Useful for comparing different loan offers, tenures or interest rates side by side.
  • Better suited for loan planning across personal, home, car or business loans.

The underlying math — the reducing-balance EMI formula — is identical in both tools. The difference is purely in what's displayed and how the tool is typically used.

Loan EMI Examples

Sample EMI for common loan amounts and tenures at 10% interest

Loan Amount Tenure Interest Rate Approx. EMI
₹1,00,000 1 year 10% ₹8,792
₹5,00,000 3 years 10% ₹16,134
₹20,00,000 15 years 8.5% ₹19,701
₹8,00,000 5 years 9% ₹16,609

Figures are indicative examples. Actual EMI depends on the exact interest rate, processing fees and terms offered by your specific lender.

Key Benefits

Why borrowers use our loan calculator daily

Instant Calculation

Get your complete EMI breakdown the moment you click calculate — no waiting, no loading delays.

Standard EMI Formula

Uses the same reducing-balance formula banks use, so results match real loan statements closely.

Works on All Devices

Fully responsive design works perfectly on smartphones, tablets, laptops, and desktop computers.

Private & Secure

All calculations happen in your browser. No data is sent to or stored on our servers. Ever.

Years or Months Input

Enter tenure exactly as quoted by your lender, in years or in months.

Full Cost Transparency

See total interest and total repayment, not just the monthly number, before you commit to a loan.

Frequently Asked Questions

Everything you need to know about loan EMI calculation

Loan EMI is calculated using the formula EMI = P × r × (1+r)^n / [(1+r)^n − 1], where P is the loan principal, r is the monthly interest rate (annual rate divided by 12 and by 100), and n is the total number of monthly installments.

An EMI calculator and a loan calculator generally use the same underlying formula to compute the monthly installment. A loan calculator is broader, additionally showing total interest payable and total repayment across the full loan tenure, useful for comparing different loan types such as personal, home, car or business loans.

No. This calculator computes EMI based purely on the principal loan amount, interest rate and tenure. Processing fees, insurance premiums or other charges levied by the lender are not included and should be added separately when budgeting.

In a standard reducing-balance loan, interest is calculated on the outstanding principal each month. Since the outstanding principal is highest at the start, early EMIs consist of a larger interest component, while later EMIs are weighted more toward principal repayment.

No. The loan calculator runs entirely in your browser using JavaScript. No data is sent to our servers, and nothing is stored, logged, or tracked. Your privacy is completely protected.

Yes. The EMI formula used applies to any reducing-balance loan, including personal loans, home loans, car loans, education loans and business loans, as long as you know the principal, annual interest rate and tenure.