Loan Calculator
Estimate your monthly payment
Enter your loan amount, rate, and term to see your EMI, total interest, and total repayment — formatted in your preferred locale and currency.
Results
Monthly payment -
Total interest -
Total repayment -
Formula
EMI = P × r × (1 + r)n / ((1 + r)n − 1), where P = principal, r = monthly rate, n = number of months.
Balance trend
Loan calculator — frequently asked questions
How is my monthly loan payment calculated?
We use the standard amortization formula: EMI = P × r × (1+r)n / ((1+r)n − 1), where P is the loan amount, r is the monthly interest rate, and n is the total number of monthly payments. Small rate changes affect the payment non-linearly, which is why rate shopping matters so much.
Does the calculator include taxes, insurance, or fees?
No. It focuses on the principal and interest portion only. Taxes, insurance, PMI, processing fees, and other charges vary by lender and region and should be added separately. Our amortization calculator shows how each payment splits between principal and interest over time.
Can I change the currency and number format?
Yes. Use the locale and currency selectors in the form. Preferences are remembered locally on your device, so every calculator on LoanCalc.tech will display numbers and currency symbols the way you prefer.
Financial guides to go deeper
Short, practical reads that pair with our calculators.
How to Calculate Your Loan EMI Before Applying
The exact formula, a worked example, and the three levers that move your monthly payment.
AmortizationUnderstanding Amortization: Principal vs. Interest
Why early payments are mostly interest and how to read the schedule strategically.
LoansThe Surprising Power of Extra Payments
Real numbers on how $50–$200 extra per month reshapes any long-term loan.