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Loan Calculator

Enter the loan amount, annual interest rate and term in years, then press Calculate. You get the fixed monthly payment (EMI), the number of payments, the total interest and a yearly table of principal, interest and remaining balance.

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Formula

Payment = P × i ÷ (1 − (1 + i)^−n), where P is the amount, i the monthly rate (annual ÷ 12) and n the number of months. A 0% loan is simply P ÷ n.

Limits

Assumes a fixed rate, monthly compounding and payments, and no fees, insurance or taxes. Your lender’s figures may differ slightly through rounding or day-count rules.

Common questions

What is EMI?

Equated monthly instalment: the same payment every month covering interest and principal.

Does it handle extra payments?

Not yet.

Methodology reviewed 2026-10-27. Processing details and test approach.

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