Loan Calculator
This Loan Calculator helps to calculate the EMI, Loan Affordability/Loan amount eligibility, Loan Interest rate and Loan Tenure to pay off. It's multi purpose loan calculator that can be used for answers to the above queries.
Loan Calculator
Use this Loan Calculator to calculate EMI, Affordability/Eligibility, Interest Rate and Pay off Tenure easily. It answer the following queries:
 Loan EMI Calculator: How much is monthly EMI for my loan.
 Loan Amount / Affordability Calculator: How much loan amount i get or how much money can i afford to spend on a house or a car.
 Loan Tenure Calculator: How long will it take to pay off my loan.
 Interest Rate Calculator: How much loan interest i have to pay for an item that purchased under low EMI scheme?
EMI Calculator  Home Loan Calculator

EMI
Calculator EMI 
Loan Amount
Calculator Loan
Amount 
Loan Tenure
Calculator Loan
Tenure 
Interest Rate
Calculator Interest
Rate
Note: Error Message
Principal Loan Amount
₹10,00,000
Loan EMI
₹21,617.95
Loan Tenure
60months
Loan Interest Rate
10.75%
Loan APR
11.18%
Total Interest Payable
₹2,97,077
Total Payment
(Principal + Interest + Fees & Charges)
₹13,07,077
How to use Loan Calculator?
Easy Steps to use Loan Calculator:
 To Calculate EMI, select EMI Calculator then enter loan amount, interest rate, fees and charges.
 To check Affordability, select loan amount calculator then enter EMI, interest rate, fees and charges.
 To know how long will it take to pay off your loan, select Loan Tenure Calculator then enter loan amount, EMI, interest rate, fees and charges.
 To Calculate interest rate, select Interest Rate Calculator then enter loan amount, EMI, loan tenure, fees and charges.
#1. EMI Calculator
This EMI calculator computes an estimate your monthly EMI payments on your home, personal and car loan.
 The first word you will hear from the bank when you are taking a loan from the bank to purchase your dream home or to purchase your dream car is EMI, which means Equated Monthly Installments.
 EMI is the amount payable to the Bank or other lending institution every month, till the loan is paid back in full. It consists of interest on the outstanding loan amount and part of the principal to be repaid.
 This is an easy way for individuals to repay the loan in smaller monthly payments, as the huge loan will be split into affordable equal monthly installments.
 At the same time its an easy way for banks to hide the huge interest rate component with the help of small EMI.
#2. Loan Amount / Affordability Calculator
Loan amount calculator is other known as the loan affordability calculator which helps one to understand before taking a loan about his or her affordability to take and pay it. It becomes important for everyone of us to first calculate the loan before buying your dream car or a house. There is online calculator which will help one to understand whether they can afford to take a particular amount of loan and the ability to repay based on their income what they earn every month.
One takes different types of loans like house loans, car loans, personal loans, educational loan etc., and while taking it is important to understand how much would be the EMI we need to pay every month. This will also help us to prepare the monthly budget.
Here is a simple example to understand how much a person can get a loan amount based on the EMI affordability.
Example:
Let us assume if person can afford to pay an EMI of Rs 10,000 for a period of 5 years at an interest rate of 15% then the total amount payable to the bank at the end of 5 years will be Rs 6,00,000 (10000*5*12), then the loan amount he/she is eligible can be determined as follows;
Affordable EMI x Months = Total Payable – Interest Payable = Eligible Loan Amount
10000 x 60 = 600000 – 179655 = 420345
Affordable EMI  Interest Rate  Loan Tenure  Total Payable  Interest Payable  Eligible Loan Amount 

10000  15%  5 Years or 60 Months 
600000  179655  420345 
12000  720000  215585  504415  
14000  840000  251515  588485  
16000  960000  287446  672554  
18000  1080000  323378  756622  
20000  1200000  359308  840692 
This loan amount differs based on the affordability of each person; more the EMI one can pay more will be the loan amount he/she can avail.
Different banks charges slightly different interest rates for the same loan, hence before deciding on which bank to go for and other factors you can simply use the online calculator, determine the loan amount and then make a decision.
The Loan amount can also be calculated manually but it is better always to go for online calculators as it is very easier to calculate without making an error when compared to calculating it manually.
#3. Loan Tenure Calculator
Loan tenure is nothing but the number of years for which loan is taken and within which one need to repay their loan borrowed. It can range from 1 year to any number of years. The loan tenure depends on multiple factors like the purpose for which it is taken like house, education, car or anything else and the amount for which it is taken.
Generally, if it is huge money borrowed for buying or building a house the amount will be huge and also the loan tenure can be some time from 20 to 25 years. When the loan duration is long then the EMI paid out monthly will be lesser, however, the total loan amount becomes more and vice versa.
While taking a loan one can use the loan tenure calculator and see what will be the EMI and total loan amount for different loan tenure and make decisions accordingly. Below gives you a clearly explain how the EMI differs based on different loan tenure.
Example:
Let us assume that a person is planning to take a house loan amounting to 50 lac at an interest rate of 9.95% P.A. with EMI of Rs.53577/ per month, in which case the loan tenure will be 15 years. However, the loan tenure can be decreased or increased for the same loan amount & same interest rate. We have defined it with examples in a table given below.
If EMI is Rs.  Loan Tenure  Symbol  If EMI is Rs.  Loan Tenure  Symbol  

53577  15 Years  ↔  53577  15 Years  ↔  
48086  20 Years  ↑  69937  10 Years  ↓  
45259  25 Years  ↑  106112  05 Years  ↓ 
The above clearly explains how the EMI amount changes as the loan tenure changes. This can be simply calculated with the help of a loan tenure calculator. However before deciding and calculating the loan tenure one must keep in mind some aspects based on which the decision need to be taken. They are the person’s age, income and the surplus one have, the life stage at which the borrower is while planning to take the loan and finally the prepayment clauses.
#4. Interest Rate Calculator
These days everyone wants to buy and own all possible gadgets, car and houses. The desire to own these among today’s generation has become high and it is made possible easily these days with the EMI concept.
Earlier people were reluctant to take loans and buy things but now they have reframed the concept as EMI and making it available to the public. It is nothing but the total amount of a product is broken into monthly installments which are distributed across some no of months within which the cost of the product purchased will be repaid.
But most of the time the customers are cheated by explaining to them monthly payment amount and the total price which looks attractive and give a feel that the customer is actually paying a very less amount every month. But they are not exposed to the hefty interest rate attached to it. Hence interest rate calculator helps one to find out what will be interest rate charged for the purchase of a product.
In an interest rate calculator, they will be asking for three things i.e. (i) loan amount, (ii) loan term and (iii) monthly payments by filling this information the calculator generates the interest rate which will be levied on the customer.
Generally, in the case of house loan or car loan the interest rates are generally revealed and transparent but in the case of buying electronic gadgets these are not revealed and different banks and companies charge different rates.
Hence in such cases, it becomes important for one to understand what is interest rate charged for purchasing a product and also do a comparison between different financial institutions regarding which one provides the least interest rate and then make a decision. These are only possible if one have the sufficient information and does interest rate calculation.
Loan Calculator FAQ
What is loan calculator?
This loan calculator can be used as multi purpose loan calculator to compute EMI, to check affordability, to find how long it will take to pay off loan and to check interest rate on your loan.
How to Use EMI Calculator?
Steps to calculate EMI:
 Select EMI Calculator Tab
 Enter Loan Amount in Indian rupees.
 Enter Interest Rate in percentage
 Enter Loan Tenure in years/months
 Enter Fees & Charges in rupees.
 Select EMI Scheme.
 Now, check your Loan EMI, Loan APR, Total Interest Payable and Total Payment.
 Optional: Take a print of your EMI Amortization schedule.
How to Use Loan Affordability Calculator?
how much money can i afford? Steps to check loan amount eligibility:
 Select Loan Amount Calculator Tab
 Enter your monthly EMI
 Enter Interest Rate in percentage
 Enter Loan Tenure in years/months
 Enter Fees & Charges in rupees.
 Select EMI Scheme.
 Now, check your Principal Loan Amount, Loan APR, Total Interest Payable and Total Payment.
 Optional: Take a print of your EMI Amortization schedule.
How to Use Loan Tenure Calculator?
How long will it take to pay off my loan? Steps to check loan tenure:
 Select Loan Tenure Calculator Tab
 Enter your Loan EMI
 Enter Interest Rate in percentage
 Enter Loan Tenure in years/months
 Enter Fees & Charges in rupees.
 Select EMI Scheme.
 Now, check your Loan Tenure, Loan APR, Total Interest Payable and Total Payment.
 Optional: Take a print of your EMI Amortization schedule.
How to Use Loan Interest Calculator?
Steps to check loan interest rate for an item purchased under low EMI scheme:
 Select Loan Interest Calculator Tab
 Enter your Loan EMI
 Enter Interest Rate in percentage
 Enter Loan Tenure in years/months
 Enter Fees & Charges in rupees.
 Select EMI Scheme.
 Now, check your Loan Interest Rate, Loan APR, Total Interest Payable and Total Payment.
 Optional: Take a print of your EMI Amortization schedule.