Loan Calculator

Our comprehensive loan calculator is designed to help you make informed financial decisions by providing accurate calculations for various types of loans including home loans, personal loans, auto loans, and business loans. Whether you're planning to purchase your dream home, finance a new vehicle, or secure funding for personal expenses, this tool provides essential insights into your loan obligations.

The calculator computes your monthly EMI (Equated Monthly Installment) using the standard loan formula, taking into account the principal amount, annual interest rate, and loan tenure. It also generates a detailed amortization schedule showing how each payment is split between principal and interest over the entire loan term. This breakdown helps you understand how much interest you'll pay over time and how your loan balance decreases with each payment.

Key inputs include the loan principal (the amount you wish to borrow), annual interest rate (as provided by your lender), loan tenure (which can be specified in either years or months for flexibility), and an optional processing fee that many lenders charge. The calculator assumes a fixed interest rate throughout the loan term and equal monthly payments, which is standard for most conventional loans.

Important Note: While our calculator provides accurate mathematical computations based on standard loan formulas, actual loan terms may vary depending on your lender's specific policies, credit score, and market conditions. Always consult with qualified financial advisors and compare offers from multiple lenders before making final decisions. This tool is for informational and educational purposes only.