Finance Tools
Loan Calculator
Estimate monthly loan payments, total interest and a full amortization breakdown.
Loan details
Results
Monthly payment
58,170.63
Principal
2,500,000
Total payment
3,490,237.63
Total interest
990,237.63
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 58,170.63 | 29,003.96 | 29,166.67 | 2,470,996.04 |
| 2 | 58,170.63 | 29,342.34 | 28,828.29 | 2,441,653.7 |
| 3 | 58,170.63 | 29,684.67 | 28,485.96 | 2,411,969.03 |
| 4 | 58,170.63 | 30,030.99 | 28,139.64 | 2,381,938.04 |
| 5 | 58,170.63 | 30,381.35 | 27,789.28 | 2,351,556.69 |
| 6 | 58,170.63 | 30,735.8 | 27,434.83 | 2,320,820.89 |
| 7 | 58,170.63 | 31,094.38 | 27,076.24 | 2,289,726.51 |
| 8 | 58,170.63 | 31,457.15 | 26,713.48 | 2,258,269.36 |
| 9 | 58,170.63 | 31,824.15 | 26,346.48 | 2,226,445.21 |
| 10 | 58,170.63 | 32,195.43 | 25,975.19 | 2,194,249.78 |
| 11 | 58,170.63 | 32,571.05 | 25,599.58 | 2,161,678.73 |
| 12 | 58,170.63 | 32,951.04 | 25,219.59 | 2,128,727.69 |
About this tool
A fully amortizing loan spreads principal and interest across equal monthly payments. Early payments are interest-heavy; later payments retire more principal.
How to use
- Enter the loan amount (principal), annual interest rate and term in years.
- Read monthly payment, total payment and total interest.
- Open the amortization table for month-by-month principal, interest and remaining balance.
Formula and methodology
Monthly rate r = annual rate ÷ 12. For n months, payment = P × r(1+r)^n ÷ ((1+r)^n − 1). If the rate is 0%, payment is P ÷ n. The last month adjusts so the balance reaches zero.
Worked example
A 2,500,000 loan at 14% for 5 years has 60 monthly payments. Each payment is 58,170.63, total interest is 990,237.63, and total repayment is 3,490,237.63.
Frequently asked questions
Does this include fees or insurance?+
No. It models a standard amortizing loan from amount, rate and term only.
Is this the same as EMI?+
Yes, for a reducing-balance loan with equal monthly installments. The EMI calculator uses the same formula and adds a down payment plus leftover months.
Guides
Related tools
EMI Calculator
Calculate equated monthly installments, total interest and an amortization table for bank or personal loans.
Open tool →
Compound Interest Calculator
Compound interest calculator for principal, annual rate and years, with optional monthly deposits. Switch to reverse to find the starting amount or monthly contribution for a future target.
Open tool →
Percentage Calculator
Free percentage calculator for what is X% of Y, X is what percent of Y, percentage increase and percentage decrease.
Open tool →
QR Code Generator
Create free QR codes for websites, WiFi, WhatsApp, email, SMS and contacts in your browser.
Open tool →
Age Calculator
Enter two dates — a start date and an end date — to calculate the exact difference in years, months, days, weeks and total days.
Open tool →
BMI Calculator
Calculate BMI from height in centimetres and weight in kilograms, or switch to feet, inches and pounds. Includes WHO adult category and healthy weight range.
Open tool →