Loan Calculator
Calculate loan EMI, total interest, repayment schedule, and prepayment savings.
- ✓Free to use
- ✓No registration
- ϟSimple workflow
- ✓Works on any device
Calculate your result
Enter your values and explore the result below.
Enter your loan details
Calculate your loan EMI, total interest, and repayment details in seconds.
Enter Loan Details
Adjust the values to estimate your repayment plan.
₹50,000₹10,00,00,000
0.1%30%
1 Year30 Years
Your Loan Summary
Estimated repayment based on the selected values.
Loan Amount₹0
Total Interest₹0
Total Payment₹0
Interest Percentage0%
Amortization Summary
- Principal Amount
- ₹0
- Total Interest
- ₹0
EMI Payment Schedule
Principal and interest allocation for each payment.
| EMI No. | Payment Date | EMI | Principal | Interest | Outstanding Balance |
|---|
?How it works
- Enter the loan amount and interest rate.
- Choose the repayment tenure.
- Add an optional extra payment.
- Review the EMI and amortization schedule.
✓Your Privacy, Our Priority
Your calculation stays in this browser.
No financial information is sent or stored.
100% private and secure▦Useful Features
Accurate reducing-balance EMI formula
Detailed payment schedule
Extra-payment savings estimate
Indian currency formatting
Practical guide
How to use Loan Calculator
What this tool helps you do
A loan calculator estimates a level periodic payment from principal, interest rate, and term. It is useful for comparing scenarios, but a lender's schedule can differ because of fees, payment timing, rounding, taxes, or variable rates.
When it is useful
- Comparing loan terms
- Estimating the effect of a larger deposit
- Exploring additional payments
- Understanding principal versus interest
A practical example
With principal ₹1,00,000, annual interest 12%, term 12 months and no extra payments, the formula gives an EMI of about ₹8,884.88. The page rounds the displayed EMI to ₹8,885; total interest is about ₹6,619. A first payment contains ₹1,000 interest and about ₹7,884.88 principal. This illustrates the model rather than a lender quote.
Limitations and common mistakes
The annual rate field is an interest rate for this model, not a fee-inclusive APR. Whole-rupee display rounding can differ from the internal schedule. Prepayment charges, irregular payment dates and daily-interest conventions are not included. A lower EMI over a longer term does not necessarily mean a lower total cost.
How to use Loan Calculator
- Enter the principal in rupees, annual interest rate and term. Check whether the term is in years or months.
- Compare the estimated EMI, total interest and repayment amount.
- Open the amortization schedule to see interest and principal by payment.
- If testing prepayments, set the extra amount and its frequency, then compare the resulting schedule.
- Use your lender's contractual schedule for an actual borrowing decision.
Inputs and processing
The calculation runs in your browser and displays rupees using Indian number grouping. The basic model uses a fixed annual rate divided by 1,200 for a monthly rate. It does not include lender fees, taxes, insurance or variable-rate changes.
If something goes wrong
The estimate differs from my lender
Compare the rate, term units, fees, first-payment date and interest calculation convention.
The extra-payment scenario looks unexpected
Check whether the extra payment is monthly, yearly or one-time; the one-time option applies to the first scheduled payment.
Frequently asked questions
Is this a lender quote?
No. It is an educational estimate based on the values entered.
Why does my bank show a different payment?
Different compounding, fees, dates, and rounding rules can change the schedule.