FINANCIAL CALCULATOR
Loan / EMI Calculator
Estimate your monthly payment and understand the total cost of a loan before you commit.
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Enter your estimated loan terms below.
YOUR ESTIMATE
Repayment breakdown
Principal and interest portions of the estimated repayment.
First 12 payments
Illustrative monthly amortization schedule.
| Month | Payment | Principal | Interest | Balance |
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Estimates only, not financial advice or a loan offer. Actual costs may include fees, taxes, insurance or different lender calculation rules.
LOAN PLANNING GUIDE
Understand a loan payment before you commit
A loan calculator helps you estimate the monthly payment for a fixed-rate loan and see how much of the scheduled repayment goes toward principal and interest. It is useful for comparing possible loan amounts, terms and rates. It is not a lender quote: fees, insurance, taxes, variable rates and lender-specific rules can change the actual amount due.
How to use the Loan Calculator
- Enter the amount you expect to borrow, excluding any fees that are not financed into the loan.
- Enter the annual interest rate as a percentage and the length of the loan in years.
- Choose the currency for display, then calculate the estimate.
- Compare the monthly payment, total repayment and interest. Change one assumption at a time to see what drives the cost.
Tips and common mistakes
Do not compare loans by monthly payment alone: a longer term can lower each payment while increasing total interest. Check whether the rate is fixed or variable and whether fees are paid upfront or added to the balance. Make sure you use the annual rate requested by the form, not a monthly rate. The displayed schedule is illustrative and only shows an initial portion of the repayment period. If you are evaluating a real offer, use the lender's repayment schedule and read the terms carefully.
How the formula works
For a fixed rate with equal monthly payments, the standard amortization formula is payment = principal × monthly rate ÷ [1 − (1 + monthly rate)−number of payments]. The monthly rate is the annual percentage rate divided by 12, and the number of payments is years × 12. For example, borrowing 100,000 at 12% annual interest over 12 months gives a monthly rate of 0.01 and an estimated payment of about 8,885. The total is about 106,620 before fees, with about 6,620 in interest. Figures are rounded for illustration.
Frequently asked questions
What if the interest rate is zero?
The principal is divided evenly across the number of monthly payments.
Are fees included?
No, unless you include a fee in the amount borrowed yourself. Actual offers may add other costs.
Does a longer term save money?
It often reduces the monthly payment but can increase total interest over the life of the loan.
Is this financial advice?
No. It is an estimate for comparison and education, not a recommendation or lender offer.
Why might my lender show another amount?
Lenders may use different compounding, payment dates, fees, insurance or rounding rules.
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