Is the loan calculator free to use?

Yes. It’s free and runs in your browser - no signup, no install.

How is the EMI calculated?

Using the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is monthly interest rate, and n is tenure in months.

Can I see an amortization schedule?

Yes. The tool shows a month-by-month split of principal and interest so you can see exactly how the loan unwinds.

Does it work for any currency?

Yes. The formula is currency-agnostic - just enter numbers in your preferred currency. The ratios and percentages stay correct.

What about processing fees and taxes?

Those aren’t part of the EMI itself. Add one-off processing fees and stamp duty separately when comparing total loan costs.

Does this store my numbers?

No. Calculations run in your browser and aren’t stored on our servers.

Loan Calculator

Calculate monthly loan payments, interest, and total cost

Privacy-First • No Data Collection

Loan Calculator

Calculate loan payments, total interest, and view detailed amortization schedules. Perfect for mortgages, auto loans, personal loans, and more.

Loan Details

Enter your loan information to calculate monthly payments

Loan Type

Loan Amount ($) *

Interest Rate (%) *

Loan Term (years) *

Down Payment ($) - Optional

Loan Tips & Information

Important considerations for your loan decision

Interest Rate Impact

A 1% difference in interest rate can save/cost thousands over the loan term

Loan Term Trade-offs

Longer terms = lower monthly payments but more total interest paid

Down Payment Benefits

Larger down payments reduce monthly costs and may eliminate PMI

Extra Payments

Even small extra payments can significantly reduce total interest