Loan Calculator
Calculate monthly payments, total interest, and amortization schedule for any loan amount. Works entirely in your browser with no software downloads, installations, or account signup required..
What is Loan Calculator | Rune
Loan Calculator estimates monthly payments, total interest costs, and provides a complete amortization schedule for home loans, car loans, personal loans, and student loans. Compare different amounts, rates, and terms to make informed financial decisions.
Provides precise calculations with detailed breakdowns and explanations for educational and professional use. Supports multiple units, formats, and input methods to accommodate different calculation requirements. Results include clear formatting and export options for use in reports, spreadsheets, and presentations. This tool runs entirely in your browser, requiring no software downloads or installations on your device.
Key Features of Loan Calculator
Everything you need for professional loan calculator
EMI Calculation
Calculate Equated Monthly Installments for any loan amount, interest rate, and tenure.
Amortization Schedule
View a detailed month-by-month breakdown showing principal, interest, and remaining balance.
Visual Breakdown
See pie charts and graphs showing the split between principal and interest payments.
Compare Scenarios
Compare different loan amounts, rates, and terms to find the best option.
Interest Savings
See how extra payments or shorter terms reduce total interest costs.
Private Calculations
All calculations are done locally in your browser. Your financial data stays on your device.
How to Use Loan Calculator
Follow these simple steps to get started
Enter Loan Details
Input the loan amount, annual interest rate, and loan tenure (months or years).
View EMI & Breakdown
See your monthly payment amount and the total interest over the loan term.
Explore Schedule
Review the amortization schedule to see how each payment is allocated.
Pro Tips
- Even a 0.5% lower interest rate can save thousands over a 20-year home loan.
- Making occasional extra payments toward principal significantly reduces total interest paid.
- Compare 15-year vs 30-year terms to see the trade-off between monthly payment and total cost.
- Factor in all fees and charges beyond the interest rate for a true cost comparison.
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Frequently Asked Questions
Everything you need to know about Loan Calculator
How is EMI calculated?
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.
What types of loans does this support?
It works for any fixed-rate loan including home loans, car loans, personal loans, student loans, and business loans.
Does it account for variable rates?
The calculator uses fixed interest rates. For variable rate loans, recalculate when the rate changes to see updated payments.
Is my financial data safe?
Yes. All calculations happen locally in your browser. No financial data is sent to any server.
What is an amortization schedule?
It's a detailed table showing each monthly payment broken down into principal and interest portions, plus the remaining loan balance after each payment.
How can I reduce total interest?
You can reduce total interest by choosing a shorter loan term, making extra payments toward principal, or refinancing at a lower rate.
Still need help?
Can't find what you're looking for? Our support team is here to assist you.
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