Introducing Loan Calculator

Loan Calculator is now live on Tools.Town — a comprehensive tool that calculates your monthly EMI, total interest payable, total payment amount, and the full month-by-month amortization schedule for any loan.

Know exactly what you’re committing to before you sign a loan agreement.

What Does It Do?

EMI Calculation

Computes the exact monthly installment using the standard EMI formula — accurate to the rupee.

Amortization

Full month-by-month schedule showing principal, interest, and remaining balance for every payment.

Total Cost

Shows total interest paid over the loan life and the total amount paid — so you can see the real cost.

Changing the interest rate or tenure by even 0.5% can significantly impact total interest paid. Use the sliders to compare scenarios side by side.

How It Works

Enter details

Enter loan amount, annual interest rate, and tenure in months or years.

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Get your EMI

The monthly EMI, total interest, and total payment appear instantly.

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View schedule

Scroll down for the full amortization table showing every month's payment breakdown.

Why We Built It

Lenders quote interest rates but not always the total cost. Knowing your EMI is useful; knowing that you’ll pay ₹3.2 lakh in interest over 5 years on a ₹10 lakh loan is more useful. Loan Calculator makes the full picture transparent — monthly payment and total cost — so you can make an informed borrowing decision.

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Loan Calculator

Calculate monthly EMI, total interest, and full amortization schedule for any loan. Compare scenarios with sliders.

EMI calculationAmortization scheduleTotal cost viewProcessing fee support

Calculate Loan EMI

Also explore: EMI Calculator, FD Calculator, and more finance tools.

Frequently Asked Questions

What formula does it use?

The standard EMI formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly rate, and n is the number of months.

Can I see how much interest I pay each month?

Yes. The full amortization schedule shows each monthly payment broken into principal and interest components, and the outstanding balance after each payment.

Can I calculate a loan with a processing fee?

Yes. Add a processing fee amount and the calculator shows the effective interest rate (EIR) — the true cost of the loan including the fee.

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Introducing Loan Calculator — Now Live on Tools.Town