Calculate your monthly EMI, total interest, and view full amortization schedule instantly.
Monthly EMI
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Total Interest
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Total Payment
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Payoff Date
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View Amortization Schedule
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How to Use the Loan Payment Calculator
The free loan payment calculator helps you estimate monthly payments, total interest, and payoff timelines for any type of loan—mortgage, auto, or personal loan. Follow the quick steps below:
- Enter Loan Amount: Type the total amount you plan to borrow.
- Set Interest Rate: Input the annual percentage rate (APR) offered by your lender.
- Select Term: Choose years or months to define how long you’ll repay the loan.
- Pick Start Date: Optionally set the first payment date to see the exact payoff date.
- Calculate: Click the button to instantly view EMI, interest, total payment, and a month-by-month amortization schedule.
Switch to the Affordability tab to find out how much house or car you can afford based on your income. Use the Payoff Time tab to see how extra payments shorten your loan term and save interest.
The tool is fully responsive, loads in milliseconds, and does not store any personal data.