Loan Calculator
Calculate loan EMI, total payment, and total interest with flat or reducing balance interest options.
Loan Calculator
Enter loan amount, interest rate, tenure, and interest type to calculate EMI instantly.
How to use
- Enter the loan amount you want to calculate.
- Enter the annual interest rate in percentage.
- Enter the loan tenure and choose months or years.
- Select flat or reducing balance interest type.
- Click Calculate to get EMI and payment breakdown instantly.
Interest types
- Reducing Balance: Interest is calculated on the outstanding loan balance.
- Flat Interest: Interest is calculated on the full loan amount for the entire tenure.
- This helps compare different loan offers before borrowing.
Loan Calculator – Calculate EMI, Interest & Total Loan Payment
This loan calculator helps you calculate monthly EMI, total interest, and total payment for both reducing balance and flat interest loans.
It is useful for comparing loan options, planning repayments, and understanding the real cost of borrowing before taking a loan.
What is a loan calculator?
A loan calculator is a tool that helps you estimate EMI and total repayment based on loan amount, interest rate, and tenure.
Frequently Asked Questions
What is reducing balance interest?
Interest is calculated on the remaining loan amount after each payment.
What is flat interest?
Interest is calculated on the full loan amount for the entire tenure.
Which loan type is better?
Reducing balance loans are usually more cost-effective than flat interest loans.