Does this include arrangement fees?

No — this is the pure loan calculation. Add any upfront fees separately to see the true cost.

APR vs interest rate — which do I enter?

Enter the annual interest rate (or APR if it's the same figure). If your lender quotes an APR that includes fees, that's the fairest comparison.

Can I model overpayments?

Not on this page — for overpayments and early payoff scenarios, use the mortgage calculator, which supports monthly overpayments.

Is the Loan / EMI calculator free?

Yes — free to use, with no signup, no limits and no personal details required. The site is supported by advertising rather than subscriptions.

Is my data saved or sent anywhere?

No. Every calculation runs in your browser, so the numbers you type are never transmitted to us or stored on a server. Closing the tab discards them.

How accurate is the result?

The maths is exact for the inputs you give it. Accuracy in practice depends on those inputs matching your real situation — fees, rate changes and edge-case rules are the usual sources of difference. It is a planning tool, not financial advice.

Can I share or save my results?

Yes. Your inputs are stored in the page URL, so you can copy the link from the address bar (or use the share button) to bookmark a scenario or send it to someone else.

Loan & EMI Calculator

Enter loan amount, rate and term to see your monthly installment, total interest, and total repayment.

Your details

Loan amount

Interest rate (APR)

Term

Monthly installment (EMI)

£311

over 36 months

Total interest

£1,198

Total payment

£11,198

Principal vs interest

How this is calculated

An EMI (Equated Monthly Installment) is a fixed monthly payment covering both principal and interest, calculated so the loan is fully paid off at the end of the term.

The formula is EMI = P × r(1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (APR ÷ 12) and n is the total number of months.

Shorter terms mean higher monthly payments but much less total interest. Extending the term reduces the monthly hit but can dramatically increase the total you repay.

Who this calculator is for

This is aimed at anyone weighing up borrowing, saving or investing decisions before committing to them. It is most useful when you are comparing offers side by side, testing how sensitive a plan is to a change in rate or term, or sanity-checking a figure a lender or adviser has quoted you.

Assumptions and accuracy

Results assume the interest rate you enter stays fixed for the whole term and that payments are made on schedule. Real products may carry arrangement fees, early-repayment charges, variable rates, or different compounding intervals, all of which change the total. Use this to compare options, then confirm the exact figures with the provider.

Frequently asked questions

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