Loan Calculator
Calculate monthly EMI, total interest, and total payment for any loan. Support for custom loan terms.
EMI calculationInterest breakdownNo signup
Text stays on your device
Enter loan details to calculate EMI
Documentation
What is a loan?
A loan is a sum of money borrowed that is expected to be paid back with interest over a set period of time.
When do you need it?
Planning home loans, car loans, personal loans, or any installment-based borrowing.
How to use
- 1) Enter the loan amount (principal).
- 2) Enter the annual interest rate.
- 3) Enter the loan term in months.
- 4) View your EMI, total interest, and total payment.
FAQs
What is EMI?
EMI is a fixed monthly payment that includes both principal and interest, paid over the loan term.
How is interest calculated?
Using the reducing balance method, considering principal, interest rate, and loan term.
Does it store my data?
No. All calculations happen locally in your browser. Your data is never uploaded or stored.
Is it free?
Yes. Completely free with no signup or limits.
Privacy: All processing runs in your browser. Nothing is stored.
Last updated: 2026-08-04
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