What is a loan calculator?
A loan calculator estimates your monthly payment, total repayment amount, and total interest based on the loan amount, interest rate, and term.
Loan Calculator
Compare monthly EMI, total interest, and prepayment savings for home, car, or personal loans in your preferred currency.
Loan Calculator
Compare EMI, total interest, and prepayment savings across loan scenarios.
Monthly EMI
Rs 58,171
Total repayment: Rs 3,490,238
Total interest: Rs 990,238
How to compare loan options
What is this loan calculator?
This loan calculator helps you estimate monthly payments, total interest cost, and total repayment for any type of loan including home loans, car loans, education loans, and personal loans.
Understanding the full cost of a loan before borrowing helps you choose a term that balances affordable monthly payments with minimal total interest.
How to use the loan calculator
Enter the loan amount, annual interest rate, and loan term in years. The calculator instantly shows your monthly EMI, total repayment, and total interest.
For prepayment analysis, enter an extra monthly amount to see how much interest you can save and how many months early the loan will be paid off.
Frequently Asked Questions
Can I add extra monthly payments?
Yes. Enter a monthly prepayment amount to see how much interest you can save and how early the loan can be paid off.
Does this include processing fees?
No. Add processing fees and insurance separately to your loan amount for a more accurate comparison.
Why does a longer term mean more interest?
Longer terms keep the principal outstanding longer, which accumulates more interest even though the monthly payment is lower.