Loan
Calculator.
Enter your loan amount, interest rate, and term — get the monthly EMI, total interest, and the full amortization schedule. Switch between monthly and yearly payment frequencies.
Amortization formula
i = annual rate / payments per year N = term × payments per year EMI = P · i · (1 + i)^N / ((1 + i)^N − 1)
Each payment splits between interest (charged on the remaining balance) and principal. Early payments are interest-heavy; later payments pay down more principal.
Frequently asked questions
What does Loan Calculator do?
EMI, total interest and amortisation schedule for any loan. The whole thing runs in your browser tab, so it is ready the moment the page finishes loading.
Is Loan Calculator free to use?
Yes. Loan Calculator is completely free on ToolMunch — no trial, no premium tier holding back the main feature, and no daily or hourly cap on how many times you can use it.
Do I need to create an account or sign up?
No. There is no account, no email address, and no login. Open Loan Calculator, do the job, and take the result — nothing is gated behind a signup form.
Are the numbers I enter sent to a server?
No. Loan Calculator runs entirely inside your browser tab, so what you type never leaves your own device. Nothing is uploaded, which means there is no copy of it on a server to worry about.
Does Loan Calculator work on Mac, Windows, and phones?
Yes. Loan Calculator runs in any modern web browser on Windows, macOS, Linux, Chromebook, Android, and iOS. There is nothing to download or install.
Can I use it as many times as I want?
Yes. There is no queue, no per-hour quota, and no counter that runs out — run Loan Calculator as often as the work needs.