Loan Calculator - Calculate home loan - Calculate Car Loan
Loan calculator is used to calculate monthly installment and total interest that will be paid over
period of time for which loan is taken. By using our loan calculator you can see your emi and total
interest or extra payment that will be paid to the lender. We have provided extra payment per month
option to check if some additional amount is paid on monthly basis then how much it will affect in
reducing the tenure in months. Loan calculator can be used for home loan, car loan or any type of
loan where rate of interest is fixed. You can use Loan comparator to
compare many loans with
different roi or amount or tenure etc.
Consider example. A person needs loan amounting 2000000 with pay period as 10 years
and 4 months at the rate of interest as 9.2% and wants to check monthly installment
(EMI). User has to put
2000000 in Loan amount textbox, 10 in years tenure textbox, 4 in months tenure
textbox and rate of interest as 9.2. Click on calculate and you will see the emi,
total payment that wll be done, annual payment and total interest. Optionally user
can put extra payment per month.
Extra payment per month has considerable effect in reducing tenure and will be auto
calculated. You will see a early payoff row just below Total interest row and can
see number of months reduced due to extra payment per month. On changing any value,
new projections as per
latest data are
PDF reports and Amortization Table:
User can download pdf report free of cost for whatever calculations and projections
he has done on current screen. You can click on Download pdf button to download the
report. Pdf report consists of your returns projection,
inputs that has been considered for calculations, pie charts and amortization.
Amortization table shows specific returns projection on corresponding month which
between the tenure entered. By using amortization table user can see projections on
any month just
by navigating to the row of intended month.
Pie chart graphically describes the investment scenario. It consists of 2 parts or
regions. 1st region gives idea about total interest
investor will pay over the period of time. 2nd part or region is the
loan amount that
is taken. Region 1 and 2 is always equals to total amount to be paid. You can click
on each region to see the amount and percentage. This pie
chart is also available in pdf report.
Comparison matrix of your returns against various years and returns.