Loan & EMI Calculator
Work out the monthly payment on a business or personal loan. Enter the amount, interest rate and term to see your monthly EMI, total interest and total amount paid.
Know the real cost before you borrow
A loan is more than its monthly payment. The interest you pay over the full term is the true cost of borrowing, and it is easy to underestimate. This calculator shows the monthly payment, the total interest, and the total amount you will repay, so you see the whole picture before you sign.
How the payment is worked out
The monthly payment, often called the EMI, spreads the loan plus interest evenly across the term. It depends on three things: the amount you borrow, the interest rate, and the number of months. A longer term lowers the monthly payment but raises the total interest, because you carry the balance for longer. Try a shorter term here and watch the total interest fall.
How to use it
Enter the loan amount, the annual interest rate, and the term in months. The tool returns your monthly payment, the total interest, and the total you will repay. Compare a few scenarios before choosing. To check whether the payment fits your finances, look at your cash runway first.
Frequently Asked Questions
How is the monthly loan payment calculated?
It uses the standard amortization formula based on the principal, the monthly interest rate, and the number of months, so each payment is equal.
Does a longer term cost more?
Usually yes. A longer term lowers the monthly payment but increases the total interest you pay over the life of the loan.
Is this an exact quote?
No. It is an accurate estimate. Your lender may add fees or use a slightly different method, so confirm the final figures.
Is it free?
Yes, free and private in your browser.