Loan Calculator - Calculate home loan - Calculate Car Loan

Loan calculator is used to calculate monthly installment and total interest that will be paid over the 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.

Click to see how to use this calculator?
  • Loan Calculation:

    • 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 automatically calculated.
  • 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 lies 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 Charts:

    • Pie chart graphically describes the investment scenario. It consists of 2 parts or regions. 1st region gives idea about total interest amount that 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.
Investment period Expected returns
In Years 10 % 12 % 15 % 20 %
Amortization Table for your Loan
Month Emi Paid Interest Principal Balance