Loan Calculator
Calculate your monthly EMI, total interest payable, and get a full amortization schedule — for any loan type. 100% private and browser-based.
Enter Loan Details
Fill in your loan amount, interest rate, and tenure to get your EMI instantly.
Loan Tips
Smart borrowing advice.
Lower Rate Saves More
Even a 1% reduction in rate can save thousands over the loan tenure. Always compare offers.
Shorter Tenure = Less Interest
A shorter loan period means higher EMI but significantly less total interest paid.
Prepay When Possible
Making extra payments reduces your principal faster and saves interest in the long run.
EMI Should Be <40% Income
Financial experts recommend keeping total EMIs below 40% of your monthly take-home salary.
How Loan EMI is Calculated
Understanding the formula behind your monthly payment.
EMI Formula
EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P = Principal, r = monthly rate, n = months.
Principal vs Interest
Early EMIs have more interest. As you pay, more goes to principal — this is called amortization.
Total Cost
Total payable = EMI × Months. The difference from your principal is the total interest cost of borrowing.
Compare Options
Use this calculator to compare different loan amounts, rates, and tenures to find the best fit for your budget.