Loans Calculators
Calculate APR, bike loan and business loan and other loans calculations.
These calculators answer the questions people ask before and during a loan: what the monthly payment will be, what the loan really costs, what rate an existing EMI implies, and how extra payments change the picture.
Which Loans calculator do you need?
- Monthly payment for any fixed-rate loanEMI CalculatorThe general-purpose tool, with an amortization schedule showing interest and principal month by month.
- True cost of a loan with a processing feeAPR CalculatorSolves for the annual rate at which your EMIs repay only the amount you actually received after fees.
- The interest rate hidden in an EMI you have been quotedInterest Rate CalculatorWorks backwards from the loan amount, EMI and tenure to the annual rate.
- Paying a loan off earlyLoan Payoff CalculatorSimulates a fixed extra payment each month and shows the months and interest saved.
All Loans Calculators
Why there are separate car, bike, gold, education and personal loan calculators
The loan-type calculators use the same reducing-balance EMI formula as the EMI Calculator, so for the same amount, rate and tenure they give the same answer. What differs is the starting example and the questions each page answers — for instance how gold loans are sized against gold value, or how an education loan's moratorium works. If you already know your loan amount, rate and tenure, the EMI Calculator gives the full result for any of them.
Reading an amortization schedule
In a reducing-balance loan the EMI stays fixed, but its split changes every month. Early EMIs are mostly interest because the outstanding balance is largest; later EMIs are mostly principal. This is why prepaying early in a loan saves more interest than prepaying the same amount near the end.
How these calculators work
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the tenure in months. The APR and implied-rate calculators solve the same relationship for the rate numerically.
Limitations
- Assumes a fixed rate for the whole tenure; floating-rate resets are not modelled.
- Fees are included only in the APR Calculator, and only as a one-time upfront fee.
Loans Guides
How a Loan's Implied Interest Rate Is Calculated
When a lender quotes an EMI but not a clear rate, the interest rate can be reverse-engineered from the loan amount, EMI, and tenure using the same EMI formula lenders use, solved backward by narrowing in on the answer rather than solving it directly.
Read guideHow APR Reveals the True Cost of a Loan
APR (Annual Percentage Rate) folds a loan's upfront fees into a single adjusted rate — because the EMI is calculated on the full loan amount, but the borrower actually receives less than that once fees are deducted.
Read guideHow Extra Monthly Payments Shorten a Loan and Save Interest
Adding a fixed extra amount to every EMI goes straight toward principal, which shrinks the balance interest is charged on every following month — simulated month by month rather than computed with a single formula.
Read guideHow Is EMI Calculated? The Formula Explained With an Example
EMI (Equated Monthly Installment) is calculated using the reducing-balance formula EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments.
Read guideHow to Reduce Your Home Loan EMI
Three levers actually reduce your home loan EMI or total cost: making a lump-sum prepayment toward the principal, transferring the balance to a lender offering a lower rate, or extending the tenure (which lowers the EMI but increases total interest) — prepayment and balance transfer are usually the better options if your goal is paying less overall, not just a smaller monthly number.
Read guide