Loan Repayment Calculator

The Loan Repayment Calculator helps borrowers estimate monthly payments, total interest costs, and the overall repayment amount for various types of loans, including personal loans, home loans, car loans, education loans, and business loans.

Simply enter the loan amount, annual interest rate, and loan term to get accurate repayment estimates instantly. This calculator uses standard loan amortization formulas to provide reliable results and help you plan your finances effectively.

Whether you're comparing loan options, budgeting for future payments, or evaluating borrowing costs, this calculator gives a clear breakdown of your repayment obligations.

1. Enter the Loan Amount (₹)
Input the total amount you plan to borrow from the lender.

2. Enter the Annual Interest Rate (%)
Provide the yearly interest rate charged on the loan.

3. Enter the Loan Term (Years)
Enter the total repayment duration of the loan in years.

4. Click the "Calculate" Button
The calculator will instantly process the information.

5. Review the Results
The calculator will display:
• Monthly Payment
• Total Interest Paid
• Total Repayment Amount

6. Analyze the Repayment Breakdown
Review how much of the repayment consists of the original loan amount versus interest charges.

Example:
Loan Amount: ₹500,000
Interest Rate: 8.5%
Loan Term: 20 Years

The calculator will instantly show your monthly payment, total interest cost, and total repayment amount.

Loan repayments are calculated using the standard amortization formula:

Monthly Payment = [P × R × (1 + R)^N] ÷ [(1 + R)^N − 1]

Where:

P = Loan Amount
R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
N = Total Number of Monthly Payments

Additional calculations:

Total Repayment = Monthly Payment × N

Total Interest Paid = Total Repayment − Loan Amount

This formula is widely used by banks and financial institutions worldwide.