Loan Payment Calculator
Calculate your monthly loan payment and see a complete amortization schedule. Understand how each payment is split between principal and interest.
Results
Monthly Payment
₹0
Total Payment
₹0
Total Interest
₹0
How to Use Loan Payment Calculator
- 1
Enter the loan amount
- 2
Input the annual interest rate
- 3
Specify the loan tenure
- 4
View your monthly payment and total cost
Loan Payment Calculator Formula
Monthly Payment = [P × R × (1+R)^N] / [(1+R)^N - 1]Example Calculation
Input Values
Loan Amount
₹10,00,000
Interest Rate (Annual)
9 %
Loan Tenure
120 months
Results
Monthly Payment
₹12,668
Total Payment
₹15,20,134
Total Interest
₹5,20,134
Frequently Asked Questions
Can I change my loan payment amount?
You cannot change EMI directly, but you can make additional prepayments to reduce principal and overall interest.
What happens if I miss a payment?
Missing payments can result in late fees, credit score damage, and potential legal action. Contact your lender if you face difficulties.
Is it better to pay more each month?
Yes, paying extra reduces your principal faster, saving interest and shortening your loan tenure.