Finance Calculators
Loan Calculator
Calculate the monthly payment, total interest and repayment schedule for any loan.
About the Loan Calculator
A loan calculator helps you understand the true cost of borrowing before you sign. Enter the amount, interest rate and tenure and it shows your fixed monthly payment and the total interest over the life of the loan.
Use it to compare personal, home, car or education loan options and see how the rate and tenure change what you pay.
How to use the Loan Calculator
- Enter the loan amount.
- Enter the annual interest rate.
- Choose the tenure.
- Click Calculate Loan Repayment.
How the calculation works
Payment = P × r × (1+r)^n ÷ ((1+r)^n − 1)
The amortization schedule shows how each payment reduces your outstanding balance over time.
Example
A ₹5,00,000 loan at 10% over 5 years costs about ₹10,624/month, with roughly ₹1.37 lakh total interest.
Frequently asked questions
Any fixed-rate instalment loan — personal, home, car, education or business — using the same reducing-balance formula.
A higher rate increases both your monthly payment and the total interest paid over the tenure.
Shorter tenures mean higher monthly payments but far less total interest; balance it against your budget.
Yes, the monthly payment is the EMI. This tool frames it for general loans of any type.