Loan Calculator

Calculate your loan EMI, interest payments, and repayment schedule

Loan Details

Home Loan
Car Loan
Personal Loan
₹
₹5,00,000
%
8.5%
Years
5 Years

Loan Results

Loan Amount
₹5,00,000
Total Interest
₹1,15,568
Total Payment
₹6,15,568
Monthly EMI
₹10,260
Year Principal Paid Interest Paid Balance

Home Loans

Calculate EMIs for your dream home with competitive interest rates

Car Loans

Plan your car purchase with flexible repayment options

Personal Loans

Get funds for your personal needs with easy EMI plans

Understanding Loan Calculations

A loan calculator helps you determine the monthly payments (EMI) and total cost of a loan based on the loan amount, interest rate, and tenure. Understanding these calculations is crucial for making informed financial decisions.

How Loan EMI is Calculated

The Equated Monthly Installment (EMI) is calculated using the following formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N-1]

Where:
P = Loan amount
R = Monthly interest rate
N = Loan tenure in months

Key Loan Terms

How to Use Our Loan Calculator

  1. Select Loan Type: Choose between home, car, or personal loan
  2. Enter Loan Amount: The total amount you wish to borrow
  3. Set Interest Rate: The annual interest rate for your loan
  4. Select Tenure: The repayment period in years
  5. Calculate: See your EMI, total interest, and payment schedule

The calculator provides a detailed amortization schedule showing how each payment is split between principal and interest over the loan term.

Why Use Our Loan Calculator?

Accurate Calculations

Get precise EMI and interest calculations based on standard formulas

Visual Insights

Understand your loan breakdown with clear charts and graphs

Payment Schedule

View detailed amortization schedule showing principal and interest