Loan Calculator
Calculate loan EMI, total interest & repayment schedule
Loan Details
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₹10K₹1Cr
1%30%
1 Yr30 Yrs
Loan Summary
Monthly EMI
₹10,624
For 5 years
Total Interest
₹1,37,412
Total Repayment
₹6,37,412
📊 Loan Breakdown
Principal₹5,00,000 (78%)
Interest₹1,37,412 (22%)
💡 Loan Insight
Your loan EMI is affordable. Total interest is 27% of principal. Consider prepayment to save more!
❓ FAQs
EMI Formula: [P × R × (1+R)^N] / [(1+R)^N - 1]
P = Principal, R = Monthly rate, N = Months
Home Loan: 8-10%
Personal Loan: 10-18%
Car Loan: 9-12%
Education Loan: 8-11%
Business Loan: 12-20%
Longer: Lower EMI but more total interest
Shorter: Higher EMI but less total interest
Best: Choose EMI under 40% of income
1. Prepay when you have extra funds
2. Choose shorter tenure
3. Negotiate lower interest rate
4. Refinance to lower rate loan
5. Pay higher EMI when possible