How to use
Enter principal, annual rate and years.
Example
A ₹5 lakh loan at 10% for 3 years produces ₹1.5 lakh simple interest.
Finance
Loan Interest Calculator
Estimate loan interest and total repayment.
YOUR RESULTEnter your values and calculate.
Frequently asked questions
How is loan interest calculated here?
This calculator estimates interest using the simple interest method based on principal, annual rate, and time period in years.
Does this match my bank's exact figure?
It gives a close estimate. Banks may use reducing-balance methods (like EMI-based amortization) which produce different total interest than a flat simple-interest calculation.
This calculator provides estimates only and does not constitute financial advice. Actual figures from your lender or institution may vary. Consult a qualified financial advisor before making financial decisions.
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