🏦Loan Calculator
Calculate EMI, total interest, and repayment.
🆓 Free🔒 Secure⚡ Instant📱 Mobile-friendly🚫 No signup
Calculate loan EMI, total interest, and repayment amount online for free. Works for home, car, and personal loans.
How to Use Loan Calculator — Step by Step
- 1Enter the loan amount, annual interest rate, and loan term
- 2Click 'Calculate' — monthly payment, total interest, and total cost are shown
- 3Compare different loan scenarios by adjusting the inputs
- 4View the full repayment schedule table
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Frequently Asked Questions
What is the difference between EMI Calculator and Loan Calculator?
They use the same formula. The Loan Calculator also shows the total interest cost and allows comparison of different loan terms side by side.
Can I calculate for home loans, car loans, and personal loans?
Yes. The calculator works for any loan type — just enter the principal, rate, and term.
Is the interest rate input annual or monthly?
Enter the annual interest rate. The calculator converts it to monthly rate (annual rate ÷ 12) internally.
Is it free?
Yes.