Loan Calculator
Calculate EMI, total interest, and view your loan summary.
Loan Details
Results
Monthly EMI
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Total Interest
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Principal Amount
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Interest Payable
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Total Payment
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How It Works
- Enter your loan amount (principal)
- Input the annual interest rate percentage
- Specify the loan term in years
- Click Calculate to see your monthly EMI
- View total interest and complete payment breakdown
Frequently Asked Questions
Is the Loan Calculator free?
Yes, ApexSofteck Tools's Loan Calculator is completely free. Calculate loan EMIs unlimited times without any registration required.
What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. It includes both principal and interest portions.
How is EMI calculated?
EMI uses the formula: P × r × (1+r)^n / [(1+r)^n - 1], where P is principal, r is monthly interest rate, and n is number of months.
Can I calculate any type of loan?
Yes! This calculator works for personal loans, car loans, education loans, or any fixed-term loan with regular monthly payments.
Does this include prepayment options?
This calculator shows standard EMI. For prepayment calculations, you can adjust the remaining term and principal amount manually.