Loan Calculator
Estimate the monthly payment, total interest and overall cost of a loan — useful before you apply for a home, vehicle or personal loan.
How it works
This calculator uses the standard reducing-balance loan formula (the same one banks use for EMIs). The interest share tells you what percent of everything you pay back is interest versus the original amount borrowed.
An estimate only — actual figures depend on your lender's fees, charges and compounding method.
Frequently asked questions
How is the monthly loan payment calculated?
It uses the reducing-balance EMI formula: interest is charged on the outstanding balance each month, so early payments are mostly interest and later ones mostly principal. Enter the amount, annual rate and tenure to see your monthly payment and total interest.
Does a longer loan term cost more?
Yes. A longer term lowers the monthly payment but increases the total interest paid, because you borrow for longer. A shorter term costs less overall but needs higher monthly payments.
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