Loan Calculator
Monthly payment, total interest, and total cost — in your browser.
About Loan Calculator
A loan calculator estimates your monthly payment (EMI) along with the total interest and total cost over the life of a loan. Enter the principal, annual interest rate, and term, and it applies the standard amortization formula to show what you'll pay each month and overall.
Frequently asked questions
- What is EMI?
- EMI (Equated Monthly Installment) is the fixed amount you pay each month, covering both interest and principal, so the loan is fully repaid by the end of the term.
- How is the monthly payment calculated?
- It uses the standard amortization formula from the principal, monthly interest rate, and number of payments. A 0% rate simply splits the principal evenly.
- Does this include taxes or fees?
- No. It calculates principal and interest only. Add taxes, insurance, or fees separately for a full cost picture.
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