This free loan calculator shows sample repayments for different loan sizes, terms, and interest rates. Use it as a simple home loan calculator, car loan calculator, or personal loan calculator.
Add your amount, rate, and years to see a sample EMI and total paid. You can switch between monthly and weekly repayments to match the way your lender charges you.
This loan calculator works as a guide for repayments and interest. For real offers on a home loan, car loan, or personal loan, always compare quotes from lenders.
The loan calculator uses a standard EMI formula that spreads the balance and interest over your chosen term. It works for a home loan calculator view and for smaller personal loans.
For monthly payments it divides the yearly rate by twelve and multiplies the years by twelve. For weekly payments it uses fifty-two periods per year so long-term loans still match the common repayment pattern.
Many people type a property price and deposit into a separate mortgage page, then paste the balance into this home loan calculator style form. This gives a sample EMI for the remaining loan.
You can change the interest rate to test best and worst cases. This shows how sensitive your home loan calculator result is to even small rate changes.
The loan calculator uses the common EMI formula with a periodic interest rate and number of payments. It multiplies the rate by the loan balance, then spreads the result across the whole term so each instalment is the same.
The tool gives a strong guide for a fixed rate mortgage. Bank quotes can still differ because of fees, rounding rules, insurance, and other products, so always check a real home loan calculator from the lender before you sign.
Yes, you can treat it as a simple car loan calculator or personal loan calculator by shortening the term and matching the interest rate to your offer. The formula stays the same even when the purpose of the loan changes.
The loan calculator assumes you keep the same term from start to finish. If you make extra repayments or close the loan early, your real interest cost will usually drop, so ask the lender for an early payout figure.
