Loan / EMI Calculator
Monthly payments, total interest & schedule
This produces an estimate, not a quote or an offer. It excludes arrangement fees, insurance, taxes, legal costs, prepayment and early-repayment penalties, and any rate reset after an initial fixed period. It assumes level payments with no balloon and no missed payments. Jurisdiction-specific lending rules decide what you actually pay. Treat the number as a range to plan around, and confirm terms with a lender or a licensed financial adviser before committing.
Three inputs go in — amount borrowed, annual rate, term in years — and four figures come out: the level monthly instalment, everything repaid over the life of the loan, the interest inside that total, and interest as a percentage of the whole. The instalment uses the standard amortisation formula, where each payment covers that month's interest on the outstanding balance plus a slice of the principal, and the loan is fully repaid at the final payment. The rate is treated as nominal annual, divided by twelve to get the monthly rate, so this is a nominal-rate calculation and not an effective-annual one — a lender quoting an effective rate will produce a slightly lower instalment. There is no payment-by-payment schedule here and no balloon, fee, insurance or prepayment behaviour modelled; it is a first-order cost picture.
Calculate monthly loan payments (EMI), total interest and the full amortization schedule for any principal, rate and term. Understand the real cost before you sign.
Private Loan / EMI Calculator In Your Browser
Loan / EMI Calculator is processed locally with client-side JavaScript. Your files never touch a server, and there is no queue to wait in.
How to use Loan / EMI Calculator
Enter the amount you are borrowing in the Loan amount field.
Type the annual interest rate as a plain percentage, for example 6.5 for six and a half percent.
Set the Term in years; the payment count is rounded to whole months.
Read the monthly payment first, then the total repaid and total interest to see how much of the sum is cost rather than balance.
- The instalment is the standard annuity formula rather than a flat principal-plus-interest approximation, so early payments are correctly weighted toward interest.
- Interest share is expressed as a percentage of the total repaid, which makes two loans with different terms directly comparable.
- A zero rate is handled as a straight principal split across the months rather than dividing by a zero monthly rate.
- The term is converted to a whole number of months, so a term entered in years cannot silently produce a fractional final payment.
- A first-time buyer compares two mortgage offers at different rates and the same term before booking viewings.
- A small business owner models a five-year equipment loan at a quoted rate before signing.
- A borrower sanity-checks the instalment printed on an offer letter against their own arithmetic.