Finance & Investment
Loan Calculator
Loan — it uses the standard reducing-balance EMI formula E = P·r·(1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n the number of months. This page runs that same calculation on your numbers, in your browser: no signup, no uploads, nothing stored.
Loan Calculator lets you work out a loan's repayment and total cost in seconds: enter your amount to borrow, annual interest rate and repayment period for the monthly payment, total interest and a schedule, all worked out locally in your browser.
About this calculator
Get loan right and the rest of the task gets easier. It uses the standard reducing-balance EMI formula E = P·r·(1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n the number of months. It matters any time money changes value over time — savings, loans, investments, prices and pay all reduce to these relationships. A 500,000 loan at 10% for 5 years (60 months) has EMI = 10,623.52/month , total paid ≈ 637,411.34. The tool above does the same computation in your browser — free, private, nothing stored.
How to use
- Enter the amount you want to borrow.
- Enter the annual interest rate for the loan.
- Enter the repayment period in years.
- Press Calculate to view the monthly payment and totals.
Why use Loan Calculator
Fast
Calculations run in your browser. No round trip to a server.
Private
Your inputs never leave your device. Nothing is uploaded.
Free
No signup, no paywall, no ads-in-results, no watermarks.
Educational
Uses simplified financial formulas for educational estimates. Results may not include fees, taxes, insurance, lender rules, penalties, or credit decisions.
Mobile-ready
Optimised for phones, tablets, and desktops alike.
Transparent
Clear about the method used and its limits, with disclaimers where they matter.
Common uses
Use it when checking what you can afford
Use it when planning a new borrowing
Use it when working out a loan EMI
Use it for a quick EMI estimate
Use it when comparing fixed and floating rates
Use it for prepayment planning
Technical notes
Loan Calculator uses the standard reducing-balance EMI formula E = P·r·(1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n the number of months.
Actual repayments can differ once the lender adds fees, insurance or rate changes.
Because it runs locally, results appear instantly with no server round-trip.
FAQ
What loans does this work for?
Any fixed-rate, equal-instalment loan — personal, auto, home, or business. Enter the amount, rate, and term to see the monthly payment.
What is the difference between EMI and total payment?
The EMI is your fixed monthly amount; the total payment is the EMI multiplied by the number of months, which includes all the interest over the term.
Does a lower rate always mean a lower total cost?
For the same term, yes — a lower rate reduces both the monthly payment and the total interest paid.
Does the Loan Calculator send my data to a server?
No. The Loan Calculator runs entirely in your browser — your inputs never leave your device, and nothing is uploaded or stored.
Worked example
A 500,000 loan at 10% for 5 years (60 months) has EMI = 10,623.52/month, total paid ≈ 637,411.34.