Loan Interest Calculator
Calculate the total interest you'll pay over the life of a loan.
- Free to use
- Accurate results
- No registration required
- Works on all devices
Enter your loan amount, interest rate, and tenure to calculate total interest paid.
₹
%
months
Your result
₹1,52,272.60
Total interest
Monthly repayment (EMI)₹10,871.21
Total repayment₹6,52,272.60
AI explanation
Formula
Total interest = (EMI × tenure) − principalWorked example
₹5L loan, 11%, 5 years
| Field | Value |
|---|---|
| Loan amount | 500000 |
| Interest rate | 11 |
| Tenure | 60 |
| Total interest | 152272.6 |
Assumptions
- Uses the standard reducing-balance repayment structure common to most Indian loans.
- Informational only.
Frequently asked questions
How much interest will I pay on my loan overall?
Total interest is the difference between your total repayment (EMI × tenure) and the original loan amount — this calculator shows that figure directly.
What most affects total interest paid?
Interest rate and tenure both matter significantly — a longer tenure lowers your monthly EMI but increases total interest paid, since you're borrowing the money for longer.
How can I reduce total interest?
A shorter tenure, a lower rate (via negotiation or balance transfer), or prepaying extra toward principal all reduce total interest paid over the loan's life.
Related calculators
Sources
- Master Direction – Reserve Bank of India (Regulatory Framework for Housing Finance Companies) — Reserve Bank of India. Effective 17-02-2021, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute financial advice.
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