Loan Calculator
Calculate monthly payment, total interest, and total cost.
- 100% free
- Private in browser
- No signup
- No watermarks
Result
- Monthly payment (EMI)
- 10,379.18
- Total interest
- 122,750.66
- Total payment
- 622,750.66
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About Loan Calculator
Before taking any loan, it helps to know the real monthly outgo and how much interest you will pay overall. This Loan Calculator on TheToolss uses the standard amortized EMI formula to compute your fixed monthly payment, total interest, and total repayment from the loan amount, annual rate, and tenure in years. Adjust the numbers to compare offers or find an affordable tenure. It works for home, car, personal, and education loans. It runs in your browser — free, private, and no signup.
How to use Loan Calculator
- Enter the loan amount.
- Enter the annual interest rate and tenure in years.
- Read the monthly payment, total interest, and total cost.
Key features
- Amortized EMI formula
- Monthly payment, total interest, and total repayment
- Handles 0% interest correctly
- Works for any loan type or currency
- Private in-browser calculation
Frequently asked questions
- Is the Loan Calculator free?
- Yes. It is free on TheToolss with no signup.
- How is the monthly payment calculated?
- It uses EMI = P·r·(1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.
- What is the difference from the EMI calculator?
- They use the same formula. This tool also highlights total interest and total repayment for the full tenure.
- Does it include processing fees or insurance?
- No. It calculates principal and interest only; add any fees separately.
- Is my data uploaded?
- No. The calculation runs in your browser.
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