Loan & Mortgage Calculator
Calculate monthly payments, total interest, and full amortization schedule for any loan or mortgage. Works for home loans, car loans, and personal loans.
Choose a Calculator
Each calculator is pre-configured with typical rates and tenures for that loan type.
Home Loan Calculator
Calculate EMI for home loans and mortgages. Typical rate: 8–9.5% p.a., tenure up to 30 years.
Car Loan Calculator
Calculate EMI for new or used car loans. Typical rate: 8.5–12% p.a., tenure 1–7 years.
Personal Loan Calculator
Calculate EMI for personal loans. Typical rate: 10–24% p.a., tenure 1–5 years.
Business Loan Calculator
Calculate EMI for business loans and working capital. Typical rate: 10–18% p.a.
How to calculate loan EMI with Loan & Mortgage Calculator
Get your monthly payment, total interest, and full amortization schedule in seconds, for any loan or mortgage.
- 01
Enter the loan amount
Type the principal: the total amount you are borrowing or the home purchase price minus your down payment for a mortgage.
- 02
Set the annual interest rate
Enter the annual interest rate (APR) as a percentage. For mortgages, use the rate quoted by your lender. For personal loans, check your loan agreement.
- 03
Choose the loan term
Select the repayment period in months or years. Common terms are 12–84 months for personal loans and 10, 15, 20, or 30 years for mortgages.
- 04
Review EMI, total interest, and amortization
The calculator instantly shows your monthly EMI, total interest paid over the life of the loan, total repayment amount, and a full month-by-month amortization schedule.
What people use it for
Home loans, car loans and competing bank offers all run on the same EMI formula, so one calculator covers them.
Mortgage planning
Calculate your monthly mortgage payment for different home prices, down payments, and interest rates to find a repayment plan that fits your budget.
Personal loan comparison
Compare EMIs and total interest across multiple loan offers with different rates and terms to identify the most cost-effective option.
Car loan budgeting
Work out the monthly payment for an auto loan before visiting a dealership, so you know exactly what you can afford without being pressured.
Prepayment impact analysis
See how making extra payments or a lump-sum prepayment reduces your total interest and shortens the loan tenure.
Business loan assessment
Evaluate the cash flow impact of a business loan by calculating the monthly repayment obligation against projected revenue.
Education loan planning
Estimate monthly repayments for a student loan after graduation to plan your finances before taking on the debt.
How the same maths plays out for different loans
Every loan type here uses the same reducing-balance EMI formula. What changes is the typical size, rate and term, which is why a personal loan feels so different from a home loan. These rates are illustrative, not offers; check your lender's actual rate.
| Loan | Amount | Rate | Term | Monthly EMI | Total interest |
|---|---|---|---|---|---|
| Home loan | ₹40,00,000 | 8.5% | 20 years | ₹34,713 | ₹43,31,103 |
| Car loan | ₹8,00,000 | 9.5% | 5 years | ₹16,801 | ₹2,08,089 |
| Personal loan | ₹3,00,000 | 13% | 3 years | ₹10,108 | ₹63,895 |
| Business loan | ₹10,00,000 | 15% | 5 years | ₹23,790 | ₹4,27,396 |
Notice how term drives total interest. On the home loan, interest of ₹43,31,103 is more than the ₹40 lakh borrowed, mostly because it runs for 20 years. The personal loan has the highest rate, but its short term keeps total interest modest in rupees.
Before you sign
- Compare loans by APR or total cost, not just the headline rate. Processing fees of 1–2% and compulsory insurance add to the real cost.
- Ask whether the rate is fixed or floating. Floating-rate EMIs change when the lender's benchmark rate moves.
- Check prepayment and foreclosure charges. In India, floating-rate loans to individuals generally can't carry prepayment penalties, but fixed-rate and business loans often do.
- Keep total EMIs comfortably below half your take-home pay; many lenders look for a lower ratio before approving.
Frequently asked questions
Common questions about EMI calculations, amortization schedules, and how to use the results for real loan decisions.