Loan Calculator
Enter loan amount, rate and term.
About this loan calculator
This free loan calculator (also called an EMI calculator) shows your monthly payment, the total interest you will pay, and the total cost of a loan. Enter the amount you want to borrow, the annual interest rate, and the term in years, and the result updates instantly. You can switch the currency to US dollars, euros, pounds, or rupees to match where you live.
It uses the standard amortization formula, the same method banks use for fixed-rate loans such as car loans, personal loans, and home loans. Seeing the total interest helps you compare offers and understand the real cost of borrowing before you commit.
How to use it
Type the loan amount, interest rate, and term. Your monthly payment and totals appear immediately. Adjust any value to compare scenarios.