Loan Calculators

Use our calculators to calculate monthly payments on personal loans based on equal monthly installment (EMI) payments, including student loans.

Personal loans are based on EMI (equal monthly installments). Many types of loans use this method of pay back including personal loans, mortgage loans, and car loans. This calculator figures the monthly payment amount for a loan based on loan amount, APR, and loan term in years.

The Personal Loan Calculator is based on a simple interest loan using the reducing balance method, which means as the loan principal is paid down, the balance is reduced, and the interest is calculated on the remaining balance, so the amount of interest charged each month is reduced over the life of the loan.

Generate, copy or print an amortization table from the results.

An EMI loan is a loan based on equal monthly installments. This calculator figures the monthly payment amount for a loan based on loan amount, APR, and loan term in years.

This calculator is based on a simple interest loan using the reducing balance method, which means as the loan principal is paid down, the balance is reduced, and the interest is calculated on the remaining balance, so the amount of interest charged each month is reduced over the life of the loan.

Generate, copy or print an amortization table from the results.