Loan Calculator
• Loan amount: $1 - $10,000,000
• Processing fee: $0 - 10% of loan amount (optional)
• Interest rate: 0.1% - 50% per annum
• Duration: 1 - 360 months (30 years)
• Inflation rate: 0% - 20% per annum
Ready to Calculate
Enter your loan details in the form and click “Calculate Loan Payments” to see your payment schedule with inflation adjustments.
💡 Quick Tips
- ✓Lower interest rates save thousands over the loan term
- ✓Shorter loan terms mean higher EMI but lower total cost
- ✓Consider inflation when planning long-term loans
- ✓Prepayments reduce total interest significantly
📚Understanding Loan Calculations
How EMI Works
EMI (Equated Monthly Installment) is calculated using the formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Where:
- P = Principal loan amount (including processing fee)
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Number of monthly installments
Principal vs Interest
Your EMI consists of two components:
Interest Component: Higher in early years
Principal Component: Increases over time
This is why prepayments in early years save more interest than later prepayments.
Inflation Impact
Our calculator shows inflation-adjusted costs to help you understand the real burden of your loan over time.
As inflation reduces the purchasing power of money, your fixed EMI becomes relatively easier to pay in later years.
Optimization Tips
- Make prepayments toward principal to reduce total interest
- Choose the shortest tenure you can comfortably afford
- Consider annual prepayments from bonuses
- Negotiate processing fees and interest rates