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PLAN WITH NUMBERS

Loan & Interest Calculator

Understand the repayment before you borrow.

Free local calculation. Amounts stay in this calculator, not in storage or its analytics. No loan applications or offers.

Advance paid before the loan starts is not a prepayment. Use the financed amount from your lender if fees are included.

Optional prepayment

Extra payments shorten tenure, keeping the base EMI unchanged. Lender charges excluded.

Fixed rate, monthly reducing balance. First payment after one month. Fees and prepayments excluded.

YOUR ESTIMATE

Principal and interest breakdown

Remaining loan balance

Monthly repayment schedule

Rounded to paise for display. Final payment adjusts for rounding.

Loan EMI calculator: monthly instalment and interest

Loan Calculator is a free EMI and interest calculator: enter the loan amount, interest rate and tenure to see your monthly EMI, total interest and full repayment schedule for a home loan, personal loan, car loan or any other borrowing. Calculations run in your browser; no details are sent anywhere.

What the three calculators mean

Formulas and assumptions

References: Bank of Baroda EMI formula ↗ · Investor.gov compound interest inputs ↗

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Before comparing loan offers

Enter the amount you will actually borrow and the annual interest rate quoted by the lender. Choose months or years carefully: a longer term can lower each payment while increasing total interest. Compare total repayment as well as EMI.

This is a fixed-rate estimate, not a bank quote. Processing fees, insurance, taxes, penalties and rate changes are not included. Ask the lender for its repayment schedule and fee details before accepting an offer. Keep a copy of your estimate and compare it with those written terms.