Loan Calculator — EMI, Interest & Total Cost
Calculate payments for any loan with flexible repayment frequency
How to Use Loan Calculator
Calculate payments for any loan with flexible repayment frequency No signup, and nothing gets uploaded for most use.
- 1
Enter the total loan amount, annual interest rate, and loan tenure.
- 2
The calculator splits your payment into principal and interest automatically.
- 3
Read your monthly payment, total interest, and total cost of the loan.
- 4
Adjust the tenure slider to see how a shorter loan reduces total interest paid.
Why you might like it
- Nothing to upload — the work happens on your device.
- Free with no signup, no watermarks, and no daily limits.
- Works in any modern browser on any device — nothing to install.
- Usually done in a few seconds, so it doesn't get in your way.
Frequently Asked Questions
What is the difference between monthly and quarterly payments?▾
With monthly payments you make 12 payments a year at one-twelfth of the annual rate per period, while quarterly payments are made 4 times a year. Both repay the same loan, but total interest differs slightly because of how often interest compounds against your balance.
How do extra payments help?▾
An extra payment goes straight to the principal, so it stops accruing interest immediately. Every rupee of principal paid early saves the interest that would otherwise be charged on it, which shortens the term and lowers the total interest paid. A one-time lump sum prepayment works the same way.
Why does the first payment pay so little principal?▾
In an amortizing loan, each payment first covers the interest accrued since the last payment and the remainder reduces the principal. Early on, the balance is largest, so most of the payment goes toward interest; this reverses over time.
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