What is the Loan Calculator tool?

Calculate your monthly loan EMI payments and total interest.

Is this Loan Calculator tool free to use?

Yes, Kitfyre provides this tool completely free of charge with no signup required and all processing is handled securely.

EMI stands for Equated Monthly Installment. It is the fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Yes, this standard amortization formula works perfectly for estimating fixed-rate mortgage payments, auto loans, and personal loans.

No, this calculator strictly calculates principal and interest (P&I). Escrow amounts for taxes and insurance are not included in this figure.

Loan Amount

Annual Interest Rate

Loan Term

Years

Input the total principal amount you are borrowing.

Input the annual interest rate (APR).

Input the duration of the loan in years.

Instantly see your Equated Monthly Installment (EMI), total interest, and total cost.