Loan / EMI Calculator
Calculate monthly payments, total interest, and total cost for any loan.
Breakdown
Related Guide
How to Use a Loan Calculator Online for Free
About This Tool
Free loan and EMI calculator online — calculate your monthly payment (EMI), total interest paid, and total repayment amount for any loan: home loan, car loan, personal loan, or student loan. Enter the loan amount, annual interest rate, and loan term in months, and instantly see the full amortization schedule showing how much of each payment goes to principal vs interest. This loan calculator uses the standard annuity formula used by banks worldwide. Useful for comparing loan offers, planning a budget before taking a loan, understanding how a shorter term increases monthly payments but reduces total interest, and deciding whether to make extra payments. Works for Pakistani PKR loans, US dollar mortgages, and any currency.
How to Use
- 1
Enter the loan amount
Type the total amount you are borrowing (the principal).
- 2
Enter the interest rate
Enter the annual interest rate as a percentage (e.g., 12 for 12% per year).
- 3
Enter the loan term
Enter the repayment period in months (e.g., 60 for a 5-year loan).
- 4
Read the results
See your monthly EMI, total interest, and total repayment. Scroll down for the full amortization table.