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Loan Interest calculator
Calculate the interest and repayment schedule for a loan, with simple or compound options and a processing fee.
💳 Loan Interest Calculator
Advanced compound & simple interest engine with full amortization schedule
Loan Details
Advanced Options
Monthly EMI Payment
$0.00
Total outflow over loan period
Total Interest
$0
Total Repayment
$0
Processing Fee
$0
Effective APR
0%
Amortization Schedule (First 12 Months)
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|
Financial Intelligence
About the Loan Interest calculator
Calculate the interest and repayment schedule for a loan, with simple or compound options and a processing fee.
How to use the Loan Interest calculator
- Enter the Principal Amount, Annual Interest Rate (%) and Loan Tenure (Years).
- Choose the Loan Type, Compounding, Processing Fee (%) and Currency.
- Press Calculate Interest & Schedule.
Formula and method
Simple interest: P × r × t. Amortising loan: Payment = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1).
Tips
- Add the processing fee to the cost when comparing lenders.
- Ask whether the loan uses a flat rate or a reducing balance, because flat rates cost more.
Frequently asked questions
What is a flat rate versus a reducing balance rate?
A flat rate charges interest on the original amount for the whole term. A reducing balance rate charges it only on what is still owed, so it costs less.