Loan Calculator
Work out EMI, total interest, and total cost of a loan.
₹
%
Monthly EMI₹10,624
Principal₹5,00,000
Total interest₹1,37,411
Total payment₹6,37,411
Principal78%
Interest22%
Press Escape while editing a field to reset.
Calculator results are estimates for informational purposes only and should not be considered financial advice. Actual results may vary depending on lender terms, taxes, fees, rates, and other conditions.
What is the Loan Calculator?
A loan calculator works out the monthly EMI, total interest, and total cost of any loan. Enter the loan amount, interest rate, and tenure to understand the full cost of borrowing before you commit.
Formula & how it works
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)- P
- = loan amount
- r
- = monthly interest rate
- n
- = number of months
Example
A ₹5,00,000 loan at 10% for 5 years.
Inputs
- Loan amount
- ₹5,00,000
- Interest rate
- 10%
- Tenure
- 5 years
Results
- Monthly EMI
- ≈ ₹10,624
- Total interest
- ≈ ₹1,37,410
How to use this calculator
- 1Enter the loan amount.
- 2Enter the annual interest rate.
- 3Choose the tenure in years.
- 4Review your EMI, total interest, and total repayment.
Frequently asked questions
How much interest will I pay on a loan?+
Total interest is the total of all EMIs minus the principal. A higher rate or longer tenure increases the total interest.
Can I compare different loans?+
You can run each loan separately to compare EMIs and total interest. Scenario comparison is planned as a future feature.