Loan Calculator

Calculate loan payments, total interest, and principal breakdown. Perfect for personal, auto, or home loan planning.

Loan Amount (Principal)

Annual Interest Rate (%)

Loan Term

Payment Frequency

Enter your loan details
to see the amortization breakdown.

Key Takeaways & Quick Facts

Primary Purpose

Plan your loans with a full amortisation schedule.

Execution Environment

100% Client-Side In-Browser (Zero Cloud Uploads)

Standard Verification

Calculations tested against standard benchmarks

How to Use Loan Calculator

Enter your total loan amount (principal).
Enter the annual interest rate (%).
Specify the loan term (duration) and select whether it is in months or years.
Select your payment frequency (Monthly, Bi-weekly, or Weekly).
Click Calculate to see your periodic payment, total interest, and a full amortization schedule.

How it Works

The Loan Calculator uses standard amortization mathematics to determine the exact periodic payment required to pay off a loan over a set term at a fixed interest rate. It breaks down every payment to show exactly how much goes toward paying off the principal versus paying interest to the lender.

M = P × [r(1+r)^n] / [(1+r)^n - 1] Where: M = Periodic Payment P = Principal Loan Amount r = Periodic Interest Rate n = Total Number of Payments

Examples

Input: Loan: ₹10,000, Rate: 5%, Term: 1 Year, Frequency: Monthly

Result: Payment: ₹856.07 | Total Interest: ₹272.90

Frequently Asked Questions

What is amortization?

Amortization is the process of spreading out a loan into a series of fixed payments over time. In the beginning, a large portion of your payment goes toward interest. Over time, the interest portion decreases, and the principal portion increases.

How is this different from an EMI Calculator?

An EMI Calculator specifically calculates Equated Monthly Installments. The Loan Calculator is a broader tool that allows for different payment frequencies (like bi-weekly or weekly) and focuses heavily on the principal vs. interest breakdown for overarching loan planning.

What happens if I make extra payments?

Making extra payments reduces the principal balance faster than scheduled. This drastically reduces the total amount of interest you will pay over the life of the loan and shortens the loan term.

Note: This calculator is for illustrative purposes only. Actual loan terms, payments, and interest may vary depending on the lender's specific calculation methods, rounding rules, and additional fees.

Formula Audited & Client-Side Private

Calculations are verified against standard mathematical and banking benchmarks. Data stays on your device in local memory.

Our Verification Standards →