A 5 year business loan
A workshop borrows 8,00,000 at 11% to buy equipment.
- Loan amount
- 8,00,000
- Interest rate
- 11% a year
- Tenure
- 5 years
Result. EMI of 17,393.94, total interest 2,43,636.31, and 10,43,636.31 repaid in all.
Loan Calculator
Understand the full cost of borrowing: monthly payment, total interest and total repayment across the tenure.
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How to use the Loan Calculator
- 1Enter loan amount, rate and tenure in years.
- 2Read the monthly payment and total repayment.
Worked examples
Real figures, so you can see what the Loan Calculator produces before you start.
Frequently asked questions
How is this different from the EMI calculator?+
It uses the same maths but lets you enter tenure in years and focuses on total cost of the loan.