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Loan & EMI Calculator

Calculate monthly repayments, total interest and the full cost of a loan.

To calculate loan repayments, enter the amount borrowed, the annual interest rate and the term. The tool uses the standard amortisation formula to give the payment amount, total interest and how the very first payment splits between interest and principal.

Runs in your browser
Privacy
Runs entirely in your browser — nothing is uploaded
Cost
Free, unlimited, no sign-up

Frequently asked questions

Why does so little of my early payment reduce the balance?

Interest is charged on the outstanding balance, which is largest at the start. Early payments are mostly interest and only shift towards principal as the balance falls — which is why an early overpayment is worth far more than a late one.

Does this include fees and insurance?

No. This calculates principal and interest only. Arrangement fees, mortgage insurance, property taxes and service charges are additional.

How to use the loan & emi calculator

  1. 1Set the loan amount.
  2. 2Set the annual interest rate.
  3. 3Set the term.
  4. 4Choose the payments per year.
  5. 5The result appears immediately — copy or download it.

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Put the working loan & emi calculator on your own site. It runs in your visitors' browsers exactly as it does here — free, no account, nothing uploaded.

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