Loan Calculator
Loan Details
Monthly Payment: ₹0
Total Payment: ₹0
Total Interest: ₹0
🏦 Loan Calculator – Calculate EMI & Loan Repayments Easily
Are you planning to take a loan but are unsure how much you’ll pay every month? Our Loan Calculator helps you figure out the exact EMI (Equated Monthly Installment), total interest, and repayment amount based on your loan amount, tenure, and interest rate.
This tool is perfect for:
- 🏠 Home Loans
- 🚗 Car Loans
- 💳 Personal Loans
- 🎓 Education Loans
💡 What is a Loan Calculator?
A loan calculator is a digital tool that simplifies complex financial calculations. It estimates how much you will repay each month and how much interest you will pay over time, allowing you to plan your finances efficiently.
🧠 How It Works
To use the loan calculator, just enter:
- Loan Amount (e.g., Rs. 1,000,000)
- Interest Rate (e.g., 12%)
- Loan Tenure (e.g., 5 years)
The calculator uses the formula:
iniCopyEditEMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Principal Amount
- R = Monthly Interest Rate
- N = Number of Months
📊 Example EMI Calculation
Loan Amount: Rs. 500,000
Interest Rate: 10% per annum
Tenure: 5 years (60 months)
🧮 EMI = Rs. 10,624
💰 Total Interest = Rs. 137,447
📉 Total Payment = Rs. 637,447
📈 Visual Loan Repayment Graph
mermaidCopyEditpie
title Loan Repayment Breakdown
"Principal Amount": 78
"Total Interest": 22
This graph helps you understand how much of your payment goes toward the actual loan and how much toward interest.
✅ Features of EarnApki’s Loan Calculator
- 🔍 Instant EMI Calculation
- 📱 Mobile Friendly
- 🧾 Full repayment schedule
- 💯 Free to use, no registration
- 🌐 Available 24/7
📚 Use Cases
- Compare Multiple Loan Offers from different banks
- Plan Repayment based on your income
- Understand the Interest Impact before applying for a loan
- Choose the Best Tenure to balance EMI and interest