Loan Calculator
Work out repayments, interest and total cost for any loan amount and rate.
Assumes a fixed rate and equal instalments. A floating rate, part prepayment or missed payment will change the schedule.
- Total Interest
- ₹10,82,775.76
- Total Payment
- ₹20,82,775.76
- Interest % of Payment
- 51.99%
P- Principal loan amount
r- Monthly interest rate = annual rate / 12 / 100
n- Total number of monthly instalments = years x 12
A 10,00,000 loan at 8.5% for 20 years gives an EMI of about 8,678.
How is Loan calculated?
Loan Calculator uses the formula EMI = (P x r (1+r)^n) / ((1+r)^n - 1). Enter your own figures above and the result updates instantly in your browser.
What information do I need to use this calculator?
You need loan amount, annual interest rate and loan tenure. Every field starts with a realistic default so you can see how the calculation behaves before entering your own numbers.
What do the results show?
The headline figure is monthly emi. Alongside it you also get total interest, total payment, interest % of payment, so you can see the full picture rather than a single number.