Explanation

What is Loan?

A loan payment calculator estimates monthly EMI for fixed-rate loans.

What this calculator does

Estimate monthly payment for a fixed-rate loan.

Inputs you need

• Loan amount
• Annual rate (%)
• Term (years)

Formula

M = P x r / (1 - (1+r)^-n) where r is monthly rate and n is number of months.

Example

Loan 250000, 6.5%, 30 years:

• Monthly payment ≈ 1580.17

Quick input set you can try:

• Loan amount: 250000
• Annual rate (%): 6.5
• Term (years): 30

FAQ

1) What does this calculator help with? It helps you calculate Loan quickly and with consistent formulas.

2) Which formula is used? It uses the standard method shown in the formula section on this page.

3) Can I use decimal values? Yes. Decimal values are supported for most numeric fields.

4) Should I rely on this for final decisions? Use it as a practical estimate, and verify critical decisions with official documents or expert advice.