Work out the monthly payment and total interest for any fixed-rate loan, car loan or EMI.
🔒 Calculated instantly in your browser.
How to use the loan calculator
- Enter the loan amount.
- Enter the yearly interest rate and the term in years.
- Read the monthly payment and total interest.
How the payment is calculated
A standard amortising loan uses M = P x i / (1 – (1 + i)^-n), where P is the amount, i is the monthly rate and n is the number of monthly payments.
Frequently asked questions
What is EMI?
Equated Monthly Instalment – the fixed monthly payment on a loan.
Does this include fees?
No. Add arrangement fees or insurance separately.
How do I pay less interest?
Choose a shorter term, a lower rate, or make extra payments toward the principal.