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Loan Calculator
Calculate your monthly loan repayment, total interest, and a year-by-year repayment schedule for any loan.
loan calculator
repayment
interest
amortization
bank loan
₹5,00,000.00
10% p.a.
5 years
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Frequently Asked Questions
How does a loan calculator work?
It uses the standard amortization formula to determine a fixed monthly repayment from your loan amount, annual interest rate, and tenure, then splits each payment into principal and interest.
What is the difference between a loan calculator and an EMI calculator?
They use the same math. EMI (Equated Monthly Installment) is just the term used in many countries for the fixed monthly loan payment this calculator produces.
Does a shorter tenure save money?
Yes. A shorter tenure means higher monthly payments but significantly less total interest paid over the life of the loan.