Loan Calculator
Calculate your monthly payments, total interest, and see a full amortization schedule for any loan.
About Loan Calculator
A Loan Calculator is a powerful financial tool that helps you estimate your monthly payments (EMI), total interest, and total cost of any loan. It also generates a detailed amortization schedule showing how your loan balance decreases over time.
Whether you're planning a home mortgage, car loan, personal loan, or any other installment loan, this calculator provides accurate calculations using the standard EMI formula. All calculations happen in your browser for complete privacy.
Key Features of Loan Calculator
Everything you need for professional loan calculator
EMI Calculation
Calculate your Equated Monthly Installment instantly using the standard financial formula.
Amortization Schedule
View a complete month-by-month breakdown of principal, interest, and remaining balance.
Visual Breakdown
See your loan composition with an interactive pie chart showing principal vs interest.
CSV Export
Download your complete amortization schedule as a CSV file for your records.
Flexible Terms
Enter loan term in years or months - the calculator adapts to your preference.
100% Private
All calculations happen in your browser. Your financial data never leaves your device.
How to Use Loan Calculator
Follow these simple steps to get started
Enter Loan Details
Input your loan amount, annual interest rate, and loan term.
Calculate EMI
Click Calculate to see your monthly payment, total interest, and loan breakdown.
View & Export
Review the amortization schedule and download as CSV if needed.
Pro Tips
- A shorter loan term means higher monthly payments but significantly less total interest paid.
- Even small extra payments toward principal can save thousands in interest over the loan life.
- Compare different scenarios by adjusting the interest rate and term to find the best option.
- Use the amortization schedule to see exactly when your loan will be paid off.
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Frequently Asked Questions
Everything you need to know about Loan Calculator
A Loan Calculator is a free online tool that helps you estimate your monthly loan payments (EMI), the total interest you'll pay, and the total cost of the loan. It also generates a detailed amortization schedule.
An amortization schedule is a month-by-month table that breaks down each loan payment, showing exactly how much goes towards principal (amount borrowed) and how much goes towards interest (cost of borrowing).
EMI uses the formula: M = P × [r(1+r)^n] / [(1+r)^n - 1], where P is principal, r is monthly interest rate (annual rate / 12), and n is total number of monthly payments.
Principal is the original amount borrowed. Interest is the extra amount paid to the lender. In early payments, more goes to interest; later payments go mostly to principal.
This calculator works for all fixed-rate loans including home loans (mortgages), personal loans, car loans, student loans, business loans, and any installment loan.
Absolutely! All calculations are performed entirely in your browser. Your financial data is never sent to our servers or stored anywhere.
Total interest depends on interest rate and loan term. A longer term (e.g., 30 years vs 15 years) results in significantly more interest paid, even with lower monthly payments.
Yes! You can enter your loan term in either 'Years' or 'Months' using the toggle buttons next to the term input field.
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