Loan Calculator
FREECalculate EMI, total interest, and full amortization schedule for any loan amount, interest rate, and term.
Quick Terms
Enter loan amount, interest rate, and term to calculate
📖 How to Use Loan Calculator
1
Enter the loan amount
Input the total amount you plan to borrow.
2
Enter the annual interest rate
Input the yearly interest rate as a percentage (e.g. 7.5 for 7.5%).
3
Enter the loan term
Input the repayment period in months or years.
4
View EMI and total cost
See your monthly payment, total amount paid, and total interest cost.
💡 Examples
Personal loan
INPUT
Loan: $10,000 · Rate: 8% · Term: 24 months→
OUTPUT
Monthly EMI: $452.27 · Total interest: $854.40Mortgage
INPUT
Loan: $300,000 · Rate: 6.5% · Term: 30 years→
OUTPUT
Monthly payment: $1,896.20 · Total interest: $382,632🚀 Pro Tips
✓Even a 0.5% rate reduction on a $300,000 mortgage saves ~$30,000 in interest over 30 years.
✓Making one extra payment per year on a 30-year mortgage can cut 4–5 years off the loan term.
✓Always compare APR (annual percentage rate), not just the interest rate — APR includes fees.
✓A shorter loan term means higher monthly payments but significantly less total interest paid.
✓Use the calculator to compare two or three rate scenarios before committing to a lender.