Loona Calculators
Planning to borrow? Enter the loan amount, the annual interest rate and the tenure to see your exact monthly payment, the total interest you will pay, and the full cost of the loan — before you sign anything.
With the standard EMI formula used by banks: the loan is spread into equal monthly payments, each part principal and part interest, so the balance reaches zero with the last payment.
Yes — any loan with a fixed rate and fixed term. For home loans with extra options, also try our Mortgage Calculator.
Enter 0 — the calculator simply divides the amount by the number of months.