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₹ Finance & Money · Tool 09

Loan Interest Calculator

Calculate your estimated monthly EMI, total interest and total repayment based on the loan amount, interest rate and tenure.

Free calculator Monthly EMI Multiple currencies

Loan Details

Enter your loan information.

TOOL 09
Changes the display currency only. No exchange-rate conversion is applied.
₹
Enter the amount you plan to borrow.
%
Enter the annual interest rate charged on the loan.
Years
Choose the repayment period.

Estimated Results

Your estimated loan repayment.

Monthly EMI ₹0
Total Interest ₹0
Principal Amount ₹0
Loan Amount ₹0
Total Repayment ₹0
Your loan calculation will appear here.
Note: This calculator provides an estimate using the standard reducing-balance EMI formula. Actual lender charges, fees, taxes and repayment schedules may differ.

How this Loan Interest Calculator works

The calculator uses the standard EMI formula for a loan with a fixed annual interest rate and equal monthly repayments.

Monthly EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)

Here, P is the loan principal, r is the monthly interest rate and n is the total number of monthly payments. Total interest is the total repayment minus the original principal.

How to use this calculator

What to enter

Enter or select the following as requested: Currency Display only; Loan Amount; Annual Interest Rate; Loan Tenure. Follow the units, valid ranges, examples, and options displayed beside each field.

What the result means

Payment, interest, and repayment totals are estimates based on the values and assumptions entered. Actual lender terms, fees, rate changes, and payment dates may change the figures.

When to use it

Use this to compare borrowing or repayment scenarios. Treat the output as an estimate, not a lender quote.