Loan Calculator
Calculate monthly instalment, total interest and complete amortization schedules for any type of loan using amount, rate and tenure.
Loan summary
Principal vs interest
- Principal₹5,00,000.00(84.8%)
- Total interest₹89,296.91(15.2%)
Yearly principal vs interest
What is Loan Calculator?
Loan Calculator computes monthly instalment amounts, total borrowing interest, and complete repayment timelines for personal, automobile, education, and commercial loans. Operating under the standard reducing-balance amortization method, it breaks down each monthly payment into principal and interest portions and generates an interactive, expandable month-by-month schedule showing remaining loan balances.
How to use Loan Calculator
- 1Enter the principal loan amount, annual interest rate percentage, and tenure in months or years.
- 2View the monthly instalment, total interest payable, and total loan repayment breakdown.
- 3Toggle the amortization schedule to inspect the month-by-month breakdown of principal paid, interest charged, and remaining balance.
Key features
Standard Reducing Balance
Calculates monthly instalments using banking standard monthly reducing balance amortization.
Month-by-Month Amortization Table
Expandable schedule detailing opening balance, principal repayment, interest charge, and closing balance for every single instalment.
Yearly Principal vs Interest Chart
Visual bar chart showing how interest decreases and principal repayment accelerates year over year.
Private In-Browser Math
All loan computations run entirely in local client memory without telemetry, tracking, or network transmission.
Examples & use cases
Personal Loan Scenario
₹5 Lakhs personal loan at 12% annual interest for 36 months
Principal: ₹5,00,000 | Interest: 12.0% | Tenure: 36 Months
Monthly Instalment: ₹16,607.15 | Total Interest: ₹97,857.58 | Total Repayment: ₹5,97,857.58
Two-Wheeler Loan Scenario
₹1 Lakh bike loan at 10% annual interest for 24 months
Principal: ₹1,00,000 | Interest: 10.0% | Tenure: 24 Months
Monthly Instalment: ₹4,614.49 | Total Interest: ₹10,747.82 | Total Repayment: ₹1,10,747.82
Frequently asked questions
Helpful guides & tutorials
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