Calculate monthly payment, total interest, and total repayment for any loan.
What You Get with Our Free Loan Calculator
Calculate Your Monthly EMI Instantly
Put in your loan amount, rate, and repayment period and your exact monthly installment shows up right away.
Full Amortization Schedule
See every single payment over the life of your loan. How much is interest, how much is principal, what your balance looks like after each one.
Compare Different Loan Options
Trying to decide between a shorter term with higher payments or a longer term with lower ones? Run both and see the difference in total cost.
See Total Interest Paid
Find out exactly how much you’ll pay in interest over the full loan period. Sometimes this number is the wake up call people need.
Test Extra Payments
Add extra monthly payments and see how many months that cuts off your loan and how much interest it saves.
Works for Every Loan Type
Personal loans, auto loans, home loans, student loans, business loans. One calculator handles all of them for free.
View All Our Tools Today
Expertise in Loan Calculation
Understanding your loan before you sign is one of the smartest financial moves you can make. The difference between a 5 year term and a 7 year term on the same loan can mean thousands more in interest paid. And most people don’t realize that in the early years of a mortgage, almost the entire monthly payment goes toward interest, not toward owning more of the house.
This calculator uses standard amortization formulas that banks and lenders use themselves. It gives you the same numbers they have, except you get to play with them before committing to anything.
If you’re also trying to understand what your savings could earn over the same period, try the Interest Calculator. Or if you want to check whether your salary comfortably covers the payments, the Salary Calculator helps you see your actual take home income after taxes.
How Loan Calculation Works
Get your full loan breakdown in about thirty seconds. No spreadsheets needed.
Enter How Much You Want to Borrow
Type in the total loan amount you’re considering.
Put in the Interest Rate
Enter the annual rate the lender is offering you.
Choose Your Repayment Period
Pick how many months or years you want to take paying it back.
Get Your Full Breakdown
Your monthly payment, total interest, payoff date, and complete amortization schedule show up instantly.
Frequently Asked Questions About Loan Calculator
If you are new to loans or unsure how EMI works, these frequently asked questions will help you understand everything clearly. Our loan calculator is designed to give you quick and accurate results so you can easily plan your repayments and manage your finances better.
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan, including both principal and interest.
How do I know what my monthly loan payment will be?
Enter your loan amount, the annual interest rate, and the repayment term. The calculator gives you the exact monthly number right away.
Can I use this for a home loan or mortgage?
Yeah, it works for mortgages, car loans, personal loans, student loans, business loans. Any loan with a fixed rate and term.