Finance calculator
Loan Repayment Calculator
Calculate EMI, monthly loan payments, total interest, and total repayment from principal, interest rate, and loan term.
Formula
Loan payment formula
Loan results are estimates. Check lender fees, processing charges, rate resets, and official repayment schedules before making a decision.
Monthly payment = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
For a 500,000 loan at 8% annual interest for 5 years, use monthly rate r = 8 / 12 / 100 and n = 60 months.
FAQs
What is a monthly loan payment?+
It is the fixed monthly amount used to repay a loan over a selected term. In some markets this is also called EMI, or equated monthly instalment.
Does this loan calculator store my loan details?+
No. The calculation runs in your browser and does not send inputs to a server.
How does the Loan Repayment Calculator calculate the result?+
It uses the Loan payment formula: Monthly payment = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1). For a 500,000 loan at 8% annual interest for 5 years, use monthly rate r = 8 / 12 / 100 and n = 60 months.
What information do I need to use the Loan Repayment Calculator?+
Calculate EMI, monthly loan payments, total interest, and total repayment from principal, interest rate, and loan term.
How accurate is the Loan Repayment Calculator?+
Loan Repayment Calculator applies the formula and assumptions shown on this page. Results may be rounded for readability, so verify changing rates, thresholds, medical guidance, or legal rules with the cited source or a qualified professional.
What should I check before using the Loan Repayment Calculator result?+
Check that the units, dates, rates, and assumptions match your situation. Change one input at a time to understand which values have the largest effect on the result.
Finance guide
How to use the Loan Repayment Calculator
Calculate EMI, monthly loan payments, total interest, and total repayment from principal, interest rate, and loan term. The page also explains the loan payment formula and shows a practical example: For a 500,000 loan at 8% annual interest for 5 years, use monthly rate r = 8 / 12 / 100 and n = 60 months.
- 1
Enter your details
Enter principal, interest rate, and loan term, then complete any other fields shown in the calculator.
- 2
Check the calculation
Review the result alongside the loan payment formula: Monthly payment = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1).
- 3
Compare scenarios
Change one or more inputs to see how they affect the loan Repayment Calculator result before you use the estimate.
Was this calculator useful?
0/1200