Loan Calculator
The Loan Calculator is a simple and easy-to-use tool that helps you calculate your monthly loan repayment (EMI) based on the loan amount, interest rate, and loan tenure. Whether you're planning to take out a home loan, personal loan, or auto loan, this calculator will assist you in understanding your monthly payment obligations.
A loan is a financial arrangement where one party (the lender) provides a specific amount of money to another party (the borrower) with the expectation that the money will be repaid, typically with interest, over a set period. Loans can be used for various purposes such as buying a home, purchasing a vehicle, funding education, or covering personal expenses.
How It Works:
Input the loan amount, interest rate, and loan tenure.
The calculator uses the standard formula to calculate the monthly EMI, total interest, and total repayment.
You can modify the input values to see how different loan amounts, interest rates, or tenures impact your EMI and repayment schedule.
Types of Loans: