Loan Calculator
Calculate your monthly loan payment and total interest cost instantly. Enter the loan amount, annual interest rate, and repayment term to see a full payment breakdown. Free, no account needed.
Last updated: March 2026
How to use Loan Calculator
1
Enter loan amount, annual interest rate, and term
2
Choose term unit in years or months
3
Click "Calculate" to compute EMI details
4
Review monthly payment, total payment, and total interest
When to use this tool
- Comparing home or car loan options
- Estimating monthly repayment affordability
- Planning debt payoff schedules
- Understanding long-term interest cost
Frequently Asked Questions
What formula is used?
Standard amortization formula to compute monthly payments for fixed-rate loans.
Works for mortgages?
Yes, this works for mortgages and other fixed-rate loans.
Works for car loans?
Yes, it works for car loans and personal loans.
Can I change currency?
Yes, enter any amount — no currency is assumed.