Loan Calculator

Calculate loan repayment schedule with total interest and monthly payments.

Loan calculations are illustrative. Actual terms, processing fees, and prepayment penalties from lenders may differ. This does not constitute financial advice.

Loan Amount (₹)

Annual Interest Rate (%)

Loan Tenure (Years)

Monthly EMI

Total Interest

Total Payable

Interest Ratio

Month	EMI	Principal	Interest	Balance

Showing first 12 months of months

How It Works

Enter loan amount, interest rate, and tenure. View monthly payment, total interest, total repayment, and a complete month-by-month amortisation table.

**Loan Calculator — Complete Loan Analysis Tool**

Before taking any loan, understanding the full repayment picture is essential. Our Loan Calculator provides a detailed breakdown of monthly payments, total interest, and a month-by-month amortisation schedule so you can make informed borrowing decisions.

**What the Calculator Shows**

1. **Monthly Payment (EMI)** — Fixed amount due each month
2. **Total Interest Payable** — The total cost of borrowing
3. **Total Amount Payable** — Principal + Total Interest
4. **Amortisation Schedule** — Month-by-month breakdown showing principal vs. interest for each payment
5. **Interest-to-Principal Ratio** — Visual showing how much of your total payment goes to interest vs. principal

**Types of Loans Supported**

- Home Loans (10–30 year tenures)
- Car Loans (3–7 year tenures)
- Personal Loans (1–5 year tenures)
- Education Loans (5–15 year tenures)
- Business Loans (1–10 year tenures)

**The Cost of Borrowing**

For a home loan of ₹50 lakhs at 9% for 20 years:
- Monthly EMI: ₹44,986
- Total paid: ₹1,07,97,000 (₹1.08 crore)
- Interest paid: ₹57,97,000 (₹57.97 lakhs)

You pay more in interest than the original loan amount! This is why making prepayments early in the tenure saves enormous interest.

**Effect of Prepayment**

A ₹1 lakh prepayment in Year 1 of the above loan saves approximately ₹3–4 lakhs in total interest and reduces the tenure by 8–10 months. The earlier the prepayment, the greater the savings.

**Fixed vs. Floating Rate**

Fixed rates remain constant; floating rates change with market conditions (linked to MCLR or repo rate in India). Fixed rates offer certainty; floating rates may be lower in falling rate environments but carry risk.

**Loan Comparison**

Use this calculator to compare two loan offers by running them side by side — a slightly lower interest rate or shorter tenure can save lakhs over the loan lifetime.

Frequently Asked Questions

An amortisation schedule is a table showing each loan payment's breakdown between principal and interest, month by month, until the loan is fully paid off.

Shorter tenure means higher monthly payments but significantly lower total interest. A 10-year loan at 9% costs roughly 52% of the principal in interest vs. 111% for a 20-year loan.

Prepayments reduce the outstanding principal, which reduces future interest charges. You can either reduce your EMI or keep the EMI and shorten the tenure.

Most banks charge a processing fee of 0.5–2% of the loan amount. This is a one-time upfront charge not included in the EMI calculation. Factor it into the true cost of borrowing.

Fixed rates stay constant throughout the tenure. Floating rates change with the benchmark rate (MCLR/repo rate). Fixed rates offer certainty; floating rates may benefit you if interest rates fall.