Loan Calculator
100% FreeCalculate EMI, total interest, and full month-by-month amortization for home, car, personal, education, or business loans.
Loan Breakdown
Embed This Tool
Easy to EmbedAdd Loan Calculator to your website or blog in seconds.
- Responsive design
- Lightweight & fast
- No backend required
- Always up-to-date
<iframe
src="https://tools.town/embed/loan-calculator/"
width="100%"
height="600"
style="border:none; border-radius:12px;"
loading="lazy"
title="Loan Calculator">
</iframe>Advertisement
How to Use
- 1 Pick your loan type — defaults adapt for home, car, personal, education, or business
- 2 Enter the loan principal you want to borrow
- 3 Set the annual interest rate quoted by your lender
- 4 Choose tenure in months (240 = 20 years, the typical home-loan tenure)
- 5 See the monthly EMI, total interest, and total payment instantly
- 6 Click 'Show Amortization Schedule' to see month-by-month principal & interest split
Features
- Six loan-type presets with sensible default rates and tenures
- Full amortization schedule with month-by-month breakdown
- Visual principal-vs-interest pie split
- Multi-currency support
- Indian numbering with Lakh/Crore words
- Identical math to bank EMI calculators — RBI-compliant formula
Why it Matters
EMI is the universal way Indians fund homes, cars, and education. Yet most bank calculators hide the amortization detail. This tool exposes exactly how each EMI splits between principal and interest, making it easy to spot the front-loaded interest pattern and decide if pre-paying makes sense.
Use Cases
Compare Lenders
Plug in two banks' rates and see total-interest difference
Plan Pre-payments
See how much interest you save by pre-paying after year 5
Refinance Decision
Compare your current EMI vs a refinanced loan at lower rate
Frequently Asked Questions
Is the formula the same as bank EMI calculators?
How does pre-paying a loan save interest?
What's the difference between fixed and floating rate?
Should I pick a longer tenure for a lower EMI?
Want to understand the math?
How to Use Loan Calculator — Complete Guide
Learn how to calculate loan EMI, total interest, and amortization schedule using the free Loan Calculator on Tools.Town — for home loans, car loans, and personal loans.
7 May 2026
5 min read
How EMI Works — Principal, Interest & Tenure Explained
EMI stands for Equated Monthly Instalment. Learn how lenders calculate your monthly payment, how tenure and interest rate affect it, and how to use this knowledge to borrow smarter.
1 May 2026
5 min read
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