Loan Calculator
Calculate EMI, total interest and loan cost instantly for home, car, personal or business loans.
Loan Summary
Enter loan details to calculate EMI.
What Is a Loan Calculator?
A loan calculator helps you estimate your monthly EMI (Equated Monthly Installment), total interest payable, and total repayment amount before taking a loan. It works for home loans, car loans, personal loans, education loans and business loans.
Loan EMI Formula
EMI = [P × R × (1+R)N] / [(1+R)N − 1]
- P = Loan amount
- R = Monthly interest rate
- N = Loan tenure in months
Why Use This Loan Calculator?
- ✔ Instant EMI calculation
- ✔ Clear interest & repayment breakdown
- ✔ Supports tenure in years or months
- ✔ Mobile-friendly & easy to use
Example Calculation
Loan Amount: ₹5,00,000
Interest Rate: 8.5% per year
Tenure: 10 years
Monthly EMI ≈ ₹6,196