Finance Calculator
Loan Calculator
Calculate exact loan repayments and total interest for any loan type. Compare two loan scenarios side by side.
How to Use a Loan Calculator
A loan calculator helps you understand the true cost of borrowing before you commit. By entering the loan amount, interest rate, and repayment period, you can see exactly what your monthly payment will be and how much total interest you'll pay over the life of the loan.
Key Loan Terms to Know
- Principal: The amount you borrow
- Interest rate: The cost of borrowing, expressed as a percentage per year
- Tenure/Term: How long you have to repay the loan
- EMI: Equated Monthly Installment — your fixed monthly payment
Tips for Getting a Better Loan Rate
- Maintain a high credit score (750+ in India)
- Compare rates from multiple lenders before accepting
- Consider a shorter tenure to pay less total interest
- A larger down payment reduces principal and monthly EMI