📌 Overview

Estimate your monthly loan payment (EMI), total interest and total repayment from the loan amount, interest rate and term.

🏦 Loan Calculator

Estimate your monthly loan payment (EMI), total interest and total repayment from the loan amount, interest rate and term.

Loan Amount

Annual Interest Rate (%)

Term (years)

Enter loan details to see your monthly payment.

🔒 All processing happens in your browser. No data is uploaded to any server.

📋 How to Use

Enter the loan amount you want to borrow.
Enter the annual interest rate.
Enter the loan term in years.
See your monthly payment and total interest instantly.

❓ FAQ

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay each month, covering both principal and interest, so the loan is fully repaid by the end of the term.

How is monthly payment calculated?

We use the standard amortization formula: P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.

Does this include fees or insurance?

No. This is a principal-plus-interest estimate. Actual costs may include processing fees, insurance or taxes.

💡 Use Cases

🏠

Home Loans

Compare monthly payments across different terms.

🚗

Car Loans

Check affordability before financing a vehicle.

💳

Personal Loans

Understand the true cost of borrowing.

🔗 Related Tools

📖 Deep Dive: Loan Calculator

Estimate your monthly loan payment (EMI), total interest and total repayment from the loan amount, interest rate and term.

Loan Calculator is a free tool that runs 100% in your browser. No signup, no uploads — your data stays private. Perfect for everyday text and data tasks, saving you time and reducing mistakes.