Loan & EMI Calculator
EMI, amortisation and prepayment. Flat vs reducing rate, in any currency.
About Loan & EMI Calculator
A lender quotes you "just 8% flat". Your friend's bank quotes 13% reducing. The flat one sounds cheaper. It usually is not — and the gap is not small.
Loan & EMI Calculator shows you both, side by side, on your own numbers.
FLAT VERSUS REDUCING, CONVERTED PROPERLY
• Enter a flat rate and see the reducing-balance rate it actually equals
• The conversion is the real one, not a rule of thumb
• This is the single most useful thing this app does, and it is free
YOUR INSTALMENT, AND WHERE IT GOES
• EMI from principal, rate and tenure
• Full amortisation schedule — every instalment split into interest and principal
• Total interest over the life of the loan, stated plainly
• See the month your loan finally starts paying down principal faster than interest
PREPAYMENT: THE TWO QUESTIONS PEOPLE ACTUALLY ASK
• Pay a lump sum and keep the instalment — how many months does it cut?
• Pay a lump sum and keep the tenure — how much does the instalment drop?
• Both modes, with the interest saved shown for each
COMPARE LOANS BEFORE YOU SIGN
• Put two or three offers next to each other
• Different rate, different tenure, different fee structure
• The cheaper monthly payment and the cheaper loan are often not the same one
ISLAMIC FINANCE STRUCTURES
• Murabaha, Ijara and Diminishing Musharaka, each calculated on its own terms
• Not a conventional loan relabelled — the profit and rent structures are modelled as they are actually written
SAVE THE ONES THAT MATTER
• Keep a loan with a name and notes and reopen it later
• Useful when you are comparing offers over a week, not an afternoon
WORKS WHERE YOU ARE
• 152 currencies
• 12 languages
• Fully offline — no account, no login, nothing uploaded
FREE AND PREMIUM Every calculator is free and unlimited. Free keeps three saved loans; premium removes that limit and the ads as a one-time purchase.
ARITHMETIC, NOT ADVICE This app does the maths on the figures you type in. It does not recommend a loan, does not tell you what you can afford, is not a lender, and is not financial advice. Fees, insurance, processing charges and tax treatment vary by lender and by country
— confirm the final figure with the institution before you sign anything.
Enter your numbers. See what the loan really costs.
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Loan & EMI Calculator
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