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Loan Calculator

Free loan calculator to calculate monthly and annual loan payments, total interest, repayment amount, and complete payment breakdown. This tool is made for daily-use users who want quick, simple, and clear financial calculations.

🎓Educational Purposes Only
📌Fixed Interest
📉Reducing Balance Method
⚡Instant Results
📱Mobile Friendly
📥Download Results

Monthly Loan Calculator

Monthly Result

Annual Loan Calculator

Annual Result

How This Loan Calculator Helps

This loan calculator helps users estimate loan payments before making borrowing decisions. You can use the Monthly Loan Calculator for EMI-style monthly payments or the Annual Loan Calculator for yearly repayment planning. It shows installment amount, total interest, total repayment amount, loan duration, and a detailed repayment schedule.

How to Use

Step 1

Enter Loan Amount

Add the amount you want to borrow.

Step 2

Add Interest Rate

Enter annual interest rate in percentage.

Step 3

Select Duration

Choose months, years, or annual loan duration.

Step 4

Calculate & Download

Click calculate, then print, copy, share, or export result.

Monthly Loan Formula

EMI = P × r × (1 + r)n / ((1 + r)n − 1)

P = Loan amount, r = Monthly interest rate, n = Total number of months.

Annual Loan Formula

Annual Payment = P × R × (1 + R)Y / ((1 + R)Y − 1)

P = Loan amount, R = Annual interest rate, Y = Number of years.

Benefits

Speed

Saves Time

Quickly calculate loan repayment without manual formulas.

Clarity

Financial Planning

Understand payment size before taking a loan.

Transparency

Complete Details

View interest, principal, balance, and total repayment.

Options

Easy Comparison

Compare monthly and annual repayment options easily.

Trust & Accuracy Disclaimer

This calculator provides estimated results only. Actual loan terms may vary according to bank or lender policy. The calculation uses fixed interest and reducing balance method. Always confirm final repayment terms with your bank, lender, or financial advisor.