Loan & EMI Calculator
Loan & EMI Calculator: free, accurate and easy to use. Results update instantly in your browser, with no sign-up.
How to use
Estimate the monthly payment, total interest and total cost of a loan with fixed monthly payments. Enter the amount, annual interest rate and term to see the repayment and a year-by-year schedule of principal and interest. Results are estimates and may differ from your lender’s offer, which can include fees.
- Enter your numbers.
- Results update instantly as you type.
- Adjust the values to compare scenarios.
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Frequently asked questions
How is the monthly payment calculated?
Payment = P × r ÷ (1 − (1 + r)^−n), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12) and n is the number of months.
Does this include fees or insurance?
No. Fees, insurance and variable rates are not included, so confirm the final figures with your lender.
Is it free?
Yes. All calculators are free, with no sign-up and no limits.
Is my data stored?
No. Calculations run in your browser and nothing you enter is sent or stored.
How accurate are the results?
Calculations use standard formulas. Results are estimates for general information; for important decisions, confirm with a professional or your provider.