Loan Calculator
Calculate monthly payment, total interest, and total repayment for your loan in seconds.
Loan Calculator Guide
What this calculator does
This loan calculator estimates monthly installment, total interest payable, and complete repayment amount for a fixed-rate loan. It is suitable for home, education, vehicle, or personal borrowing scenarios where you want to check affordability before applying or compare different rate and tenure combinations quickly.
How to use it
Enter principal amount, annual interest rate, and tenure in years. The calculator converts years to months and computes repayment details instantly. If interest rate is 0%, it switches to straight-line repayment automatically, so you still get valid monthly figures. Review total interest and total repayment together before finalizing any borrowing decision.
Example usage
If you borrow ₹10,00,000 for 15 years at 9.25% annual interest, the tool displays estimated monthly payment and lifetime interest outgo. You can adjust rate to 8.5% or tenure to 20 years and compare impact immediately. This helps evaluate whether a lower EMI is worth paying more interest over time.