Calculators

Loan / EMI Calculator

Estimate a fixed monthly loan payment from an amount, annual interest rate and term. See the total repayment and interest using your own inputs.

Loan / EMI CalculatorOn-device processing

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How to use it

  1. 01Enter the loan amount and annual nominal rate.
  2. 02Enter a whole number of repayment months and select a display currency.
  3. 03Review the monthly payment, total repayment and interest.

Useful details

The monthly rate is the annual rate divided by twelve. Payments follow the standard equal-payment amortization formula; a zero-interest loan divides the principal evenly over the term. Terms from one to 1,200 months are accepted. This estimate assumes a fixed rate and monthly payments at the end of each period. Fees, insurance, taxes, early repayments and lender-specific rounding are excluded. Currency selection changes the display, not an exchange rate.

Questions about this tool

Can I calculate an interest-free loan?

Yes. Set the annual rate to zero and the amount is divided across the chosen months.

Does it include lender fees?

No. Entered principal and interest are used; fees and other charges must be assessed separately.

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