Welcome to the Loan Repayment Calculator. A Loan Repayment Calculator helps you calculate your monthly EMI (loan payment), total interest payable, and total repayment amount based on:
- Loan Amount ($)
- Annual Interest Rate (%)
- Loan Tenure (Years)
This calculator works for:
- Business loans
- Home loans
- Car loans
- Personal loans
Loan Repayment Calculator
| Month | EMI | Principal | Interest | Balance |
|---|
How It Works
- User selects a currency.
- Enters:
- Loan Amount
- Interest Rate
- Loan Tenure
- Script:
- Converts annual interest to monthly rate.
- Converts years to total months.
- Applies EMI formula.
- Displays results in selected currency with proper number formatting (e.g., 10,000.00).
Example
If:
- Currency: $
- Loan Amount: 15,000
- Interest Rate: 7%
- Tenure: 3 Years
Then:
- Monthly Payment ≈ $463.16
- Total Interest ≈ $1,673.76
- Total Payment ≈ $16,673.76