Finance

Loan Calculator

Calculate loan EMI, total payment and interest for any loan amount

$
%
yr
mo
Monthly Payment
$377.42
Total Payment $22,645
Total Interest $2,645
Principal $20,000
Interest/Principal 13.2%
0%
Principal
Principal Interest
How to Use
  1. Select the Loan Type (Amortized, Deferred, or Bond).
  2. Select your Currency.
  3. Enter the amount (Loan Amount or Due Amount).
  4. Enter the annual interest rate.
  5. Set the loan term in years and months.
  6. Results dynamically update based on the loan type.

Formula

M = P × r(1+r)ⁿ / [(1+r)ⁿ − 1]