Loan Calculator
Calculate loan EMI, total interest, repayment schedule, and prepayment savings.
Loan Calculator
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
Using Loan Calculator with confidence
Reviewed by LipiCode Editorial Team
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
Compare the same principal over a shorter and longer term. The shorter term usually raises each payment but can reduce total interest because the balance is outstanding for less time.
Limitations and common mistakes
An advertised annual rate may not equal the effective rate used in a contract. Include origination fees, insurance, taxes, balloon payments, and rate changes separately before making a financial decision.
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.