Personal Loan Calculator
Calculate your monthly loan payments, total interest, and view the amortization schedule.
Amortization Schedule
| # | Date | Payment | Principal | Interest | Balance |
|---|
How It Works
The monthly payment is calculated using the standard EMI (Equated Monthly Installment) 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 months. Each payment covers both principal and interest — as the loan matures, the interest portion decreases while the principal portion increases.
About this Calculator
A loan calculator helps you determine the monthly payment, total interest, and payoff date for any type of loan. Simply enter the loan amount, interest rate, and term to see your complete repayment schedule. Use it to compare loan offers, understand the true cost of borrowing, and plan your budget accordingly.
Privacy Note: All calculations are performed locally in your browser. No data is ever sent to a server or third party.