Loan Calculator
Calculate total loan repayment, interest paid, and generate an amortization schedule for any type of loan.
Quick answer:A loan calculator shows you the full repayment picture — monthly EMI, total interest payable, and the complete amortization schedule — before you sign anything with the bank. Enter your loan amount, annual interest rate, and tenure to see all figures instantly.
How we calculate this →Azam Sharieff· Finance & Tools Reviewer
Last reviewed:
Take Control of Your Debt
Getting a loan is easy, but understanding exactly how you are going to pay it off is where most people struggle. A comprehensive loan calculator goes beyond just telling you your monthly payment; it gives you the full roadmap of your debt.
By instantly generating an amortization schedule, you can visually track your progress. You'll see exactly which month you finally cross the halfway point of your loan, and how much closer you get to being debt-free with every payment.
Plan Your Prepayments
One of the smartest financial moves you can make is paying a little extra toward your loan principal whenever you have spare cash.
By crunching the numbers in our loan calculator, you can see how making even small extra payments can shave years off your loan tenure and save you thousands in unnecessary interest charges.
A worked example
Borrow ₹10,00,000 at 10.5% a year for 5 years and the monthly instalment is about ₹21,500. You repay roughly ₹12.9 lakh in total, so about ₹2.9 lakh is interest. Change only the tenure to 3 years and the instalment rises to about ₹32,500 while total interest falls to roughly ₹1.7 lakh.
Use it to compare offers
Enter each lender's rate and tenure and compare the total interest, not just the monthly payment. Add processing fees to the cost of the loan. Learn how the numbers are built in what is EMI and what is amortization. For home-specific planning, use the EMI Calculator, and see our home loan vs personal loan comparison if you are choosing between loan types.