Loan Calculator
Loan Amortization Calculator

Loan Amortization Calculator

Calculate your loan payments, view amortization schedule, and visualize payment breakdown

Loan Details

Results

Payment Every Month
$0.00
Total of 120 Payments
$0.00
Total Interest
$0.00

Payment Breakdown

Calculate to see payment breakdown

Loan Summary

Total Loan Amount $0.00
Total Interest $0.00
Total Payments $0.00
Number of Payments 0
Principal $0.00
Interest 0%
Amortization Schedule
Payment Chart
Payment # Beginning Balance Payment Principal Interest Ending Balance
Calculate to see yearly payment chart

Loan Calculator

Loan Calculator – Calculate EMI, Interest & Repayments Online

Managing a loan can be overwhelming if you don’t know your exact monthly installments, interest, or repayment duration. A Loan Calculator solves this problem by giving you an instant calculation of your Equated Monthly Installment (EMI), total interest, and overall repayment amount.

This tool uses proven financial formulas and mathematics to simplify complex loan calculations. Whether you’re applying for a personal loan, home loan, car loan, or business loan, a loan calculator helps you make smarter financial decisions.

What is a Loan Calculator?

A Loan Calculator is an online financial tool that allows borrowers to estimate:

  • Monthly EMI (Equated Monthly Installment)

  • Total Interest Payable

  • Total Repayment (Principal + Interest)

By simply entering the loan amount, interest rate, and tenure, users can get instant results without manual calculations.

How Does a Loan Calculator Work?

The loan calculator works on the standard EMI formula:

EMI=P×r×(1+r)n(1+r)n−1EMI = \frac{P \times r \times (1 + r)^n}{(1 + r)^n – 1}

Where:

  • PP = Loan Principal (amount borrowed)

  • rr = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)

  • nn = Loan Tenure in Months


1. Monthly EMI

The calculator first determines how much you need to pay every month.

✅ Example:

  • Loan Amount (PP) = 500,000

  • Annual Interest Rate = 12% → Monthly Rate (rr) = 0.01

  • Tenure (nn) = 60 months

EMI=500,000×0.01×(1+0.01)60(1+0.01)60−1EMI = \frac{500,000 \times 0.01 \times (1+0.01)^{60}}{(1+0.01)^{60} – 1} EMI=11,122EMI = 11,122

So the borrower will pay PKR 11,122 per month.


2. Total Interest Payable

Total Interest=(EMI×n)−P\text{Total Interest} = (EMI \times n) – P =(11,122×60)−500,000=167,320= (11,122 \times 60) – 500,000 = 167,320

The borrower will pay PKR 167,320 in interest.


3. Total Repayment Amount

Total Repayment=EMI×n\text{Total Repayment} = EMI \times n =11,122×60=667,320= 11,122 \times 60 = 667,320

So the total repayment over 5 years = PKR 667,320.

Frequently Asked Questions About Loan Calculator

What is a Loan Calculator and how does it work?

A Loan Calculator is an online tool that helps you calculate monthly EMI, total interest, and repayment amount based on loan amount, interest rate, and tenure. It uses the EMI formula for accurate results.

How do I calculate EMI using a Loan Calculator?

Simply enter your loan amount, interest rate, and tenure in the loan calculator. It instantly provides your EMI using the standard formula:

EMI = [P × r × (1+r)n] / [(1+r)n – 1]

Can I use the Loan Calculator for home, car, or personal loans?

Yes. The Loan Calculator works for all types of loans including home loans, car loans, personal loans, education loans, and business loans.

Does a Loan Calculator show hidden charges?

No. The Loan Calculator only calculates EMI and interest. Additional charges like processing fees, insurance, or taxes are not included.

Why should I use an EMI Loan Calculator before applying?

Using a Loan Calculator helps you plan your budget, compare loan offers, avoid surprises, and choose the best repayment plan before applying.

How accurate is an online Loan EMI Calculator?

The results are mathematically accurate since they are based on the EMI formula. However, actual repayment may vary if banks add extra charges.

Can I change loan amount or interest rate to compare EMI?

Yes. You can adjust the loan amount, interest rate, or tenure to instantly compare different repayment scenarios.

A BMI Calculator (Body Mass Index Calculator) is a simple health tool that helps you determine whether your weight is in a healthy range based on your height. By using the formula BMI = weight (kg) ÷ height² (m²), it quickly classifies individuals as underweight, normal weight, overweight, or obese. This calculator is widely used by healthcare professionals and fitness enthusiasts for tracking overall health and identifying potential risks related to weight management.

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