Loan & EMI Calculator
Compute monthly payments, total interest, and total cost for any loan online with our Loan & EMI Calculator. Instantly see your loan breakdown for mortgages, auto loans, or personal finance—no registration, no data sharing.
About This Tool
Learn what makes this tool special
Key Features
What makes this tool special
- Calculate EMI and monthly loan payments
- Complete amortization schedule with payment breakdown
- Total interest and total repayment cost analysis
- Principal vs interest payment visualization
- Support for different loan types (mortgage, auto, personal)
- Multiple compounding frequencies and payment schedules
- Loan comparison tools for different scenarios
- Early payoff calculations and savings analysis
- Mobile-friendly responsive design
- No signup or registration required
- Works offline for complete privacy
- Export amortization schedules and reports
- Bi-weekly payment option analysis
- Extra payment impact calculations
- Secure local processing with complete privacy
- Educational loan terminology and explanations
Quick Guide
Master this tool in seconds
- 1Enter the loan amount or principal
- 2Input the annual interest rate (APR)
- 3Set the loan term in years or months
- 4Choose payment frequency (monthly, bi-weekly, etc.)
- 5Click 'Calculate' to see payment breakdown
- 6Review amortization schedule and total costs
- 7Compare different loan scenarios
- 8Export results for financial planning
Common Questions
Everything you need to know
Q.What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment amount for a loan, including both principal and interest.
Q.How is loan EMI calculated?
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is loan tenure.
Q.Can I include down payments?
Yes, enter the loan amount as principal minus any down payment to calculate accurate EMIs.
Q.Is my loan data secure?
Yes, all calculations happen locally in your browser. Your financial information never leaves your device.
Q.Does it support different loan types?
Yes, it works for mortgages, auto loans, personal loans, student loans, and other installment loans.
Q.Can I see the amortization schedule?
Yes, detailed amortization schedules show how each payment is split between principal and interest.
Q.What if I make extra payments?
The calculator shows standard amortization. For extra payment analysis, consider consulting a financial advisor.
Q.Is the calculation accurate for all lenders?
This provides standard calculations. Actual lender terms may vary slightly due to fees, rounding, or specific policies.
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