Loan, EMI and debt calculators
Work out an EMI and its full schedule, the true APR of an offer, what prepaying or refinancing saves, how to clear card debt and student loan repayments.
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Go to the 21 toolsKnowing what a loan costs before and after you sign
For anyone taking, comparing or paying off a loan: a home, car, gold or education loan, a card balance carried from month to month, a no-cost EMI at checkout or a student loan in the UK, Australia, New Zealand or the US. The calculators show the instalment, every rupee or dollar of interest and the true yearly cost of an offer.
How to choose
Choose by the stage of the loan:
Before you borrow: EMI Calculator for the instalment and schedule, Loan Calculator to solve for the amount, tenure or rate instead, APR Calculator and Loan Offer Comparison Calculator to compare offers, and Debt-to-Income & Credit Utilization to see how a lender reads you.
Special kinds of loan: Education Loan Calculator, Gold Loan Calculator, Flat vs Reducing Interest Rate Calculator for flat-rate quotes and No-Cost EMI Calculator at checkout.
While you repay: Refinance & Balance Transfer Calculator, Credit Card Interest & Payoff Calculator and Debt Payoff Planner for several debts at once.
Student loans: repayment calculators for the UK, Australia, New Zealand and the US.
Lending to someone: Loan Agreement Generator and Promissory Note Generator for India.
None of them offers, ranks or recommends a lender: they work on the terms you are given.
The main tools, compared
| Tool | When to pick it | What you give it | What you get | Works offline | Stays on your device |
|---|---|---|---|---|---|
| EMI Calculator Pro tool | Finds the fixed monthly instalment of a loan and lays out the month-by-month schedule of interest, principal and balance until it ends. | Numbers | Free preview: the monthly EMI in full, with the first rows of the repayment schedule (up to 3); the totals, the split chart and the rest of the schedule are hidden | Yes | Yes |
| Loan Calculator Pro tool | Solves for whichever of the EMI, the amount, the tenure or the rate you leave blank, and shows what a prepayment saves. | Numbers | Free preview: the EMI, amount, tenure or rate you solve for in full, with the first rows of each table (up to 3) and a watermarked chart; every other figure is hidden | Yes | Yes |
| APR Calculator (True Cost of a Loan) Pro tool | Turns a quoted rate, fees, insurance and the tax on fees into one yearly percentage, so offers can be ranked on what they really charge. | Numbers | Free preview: the APR, or the lowest of your offers, in full, with the first rows of the side-by-side table and the first step of the working; every other figure is hidden | Yes | Yes |
| Credit Card Interest & Payoff Calculator Pro tool | Shows how long paying only the minimum due on a card balance takes and what a larger fixed payment saves in interest. | Numbers | Free preview: how long paying only the minimum due takes in full, with the first rows of each table (up to 3) and a watermarked chart; every other figure is hidden | Yes | Yes |
| Debt Payoff Planner (Snowball vs Avalanche) Pro tool | Orders several debts by the snowball and the avalanche method, gives the month you are clear under each, and the interest each costs. | Numbers | Free preview: how long until you are debt-free in full, with the first rows of each table (up to 3) and a watermarked chart; every other figure is hidden | Yes | Yes |
| Refinance & Balance Transfer Calculator Pro tool | Weighs a balance transfer to another lender, fees included, and finds the month from which the switch starts to save. | Numbers | Free preview: the net saving or cost of switching in full, with the first rows of each table (up to 3) and a watermarked chart; every other figure is hidden | Yes | Yes |
| Flat vs Reducing Interest Rate Calculator Pro tool | Converts a flat-rate quote into the rate on the reducing balance that the same instalments really mean, and back again. | Numbers | Free preview: the equivalent reducing-balance or flat rate in full, with the first rows of each table (up to 3) and a watermarked chart; every other figure is hidden | Yes | Yes |
| Education Loan Calculator Pro tool | Adds the interest of the course years and the grace period, gives the EMI that follows, and what paying that interest early saves. | Numbers | Free preview: a watermarked chart of what you owe and the labels of each table’s first rows (up to 3), with the EMI, the totals, the comparison and the tax saving hidden | Yes | Yes |
Worked example: the EMI and total interest on a 20-year home loan
A home loan of ₹50,00,000 at 8.5 % a year is taken for 20 years, repaid in equal monthly instalments.
The monthly rate is 8.5 % ÷ 12, about 0.708 %, applied over 240 months.
The formula P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) gives an EMI of ₹43,391.
The 240 instalments add up to ₹1,04,13,879.
So ₹54,13,879 of the total is interest, more than the amount borrowed.
Questions
Why does a 7 % flat-rate loan cost more than 7 %?
A flat rate charges interest on the whole amount for the whole term, although you repay part of it every month. On the reducing balance the same instalments mean a rate close to double, as the flat versus reducing calculator shows for your figures.
Does prepaying reduce the EMI or the tenure?
Either, as the lender allows. The loan calculator shows how much interest each choice saves, and a prepayment early in the term saves the most because the balance is highest then.
Why is the APR higher than the quoted rate?
The APR adds what you pay to take the loan, such as a processing fee, the tax on it and any insurance, to the interest. Two offers at the same rate can therefore have different APRs.
How long does paying only the minimum due on a card take?
Often many years. In the card calculator’s own example, ₹50,000 at 3.75 % a month with GST on the interest takes 167 payments when only the minimum due is paid each month.
For general information only; check the official source before you file, sign or apply.
Start with these
- Loan Agreement Generator (India) Free preview: every page with your details, the first part of the wording readable and the rest hidden, marked “MySmartCoPilot preview · not for use”
- EMI Calculator Monthly instalment, total interest and a full repayment schedule.
- Loan Calculator Find the EMI, loan amount, tenure or rate — and see what prepaying saves.
More tools here
- UK Student Loan Repayment Calculator What comes off each payslip, and whether the loan is repaid before it is written off.
- Credit Card Interest & Payoff Calculator Why the minimum due takes years — and what paying more saves.
- Australia HECS-HELP Student Loan Repayment Calculator Your compulsory HELP repayment for the year, and when the balance is gone.
- Debt Payoff Planner (Snowball vs Avalanche) Your debt-free date, the order to pay, and what each method saves.
- US Student Loan Repayment Calculator (Standard, IBR, RAP) Standard, IBR and RAP payments side by side, with forgiveness and the cheapest plan.
- APR Calculator (True Cost of a Loan) The rate is not the cost: fees, insurance and tax decide which loan is cheapest.
- Education Loan Calculator Moratorium interest, the EMI after the course, and what paying interest early saves.
- Flat vs Reducing Interest Rate Calculator A “7% flat” car loan really costs about 12.8% — see your own numbers both ways.
- Gold Loan Calculator (India) What your gold can raise under the RBI’s limits, and what each way of repaying costs.
- No-Cost EMI Calculator (India) No-cost EMI rarely costs nothing: you pay GST on the interest and lose the cash discount.
- New Zealand Student Loan Repayment Calculator 12% above the threshold from each pay, and when your loan will be paid off.
- Promissory Note Generator (India) A valid pro note with its receipt — and a refusal of notes the law does not allow.
- Refinance & Balance Transfer Calculator Will switching lenders actually save you money — and from which month?
- Debt-to-Income & Credit Utilization Are you loan-ready? DTI, credit utilization and debt service coverage in one place.
- Loan Offer Comparison Calculator Which loan offer really costs least — before and after you prepay.
Lessons on this
All 21 tools
Every tool here by name, grouped by what it is for.
Show the full listHide the full list: All 21 tools
Credit cards & credit scores
1 toolEMI, APR & the true cost of a loan
7 toolsEducation & student loans
5 tools- Australia HECS-HELP Student Loan Repayment Calculator For Australia Pro tool
- Education Loan Calculator Pro tool
- New Zealand Student Loan Repayment Calculator For New Zealand Pro tool
- UK Student Loan Repayment Calculator For UK Pro tool
- US Student Loan Repayment Calculator (Standard, IBR, RAP) For US Pro tool
Getting out of debt
2 toolsCar loans & leases
2 toolsOther tools here
4 toolsNo tools here match these filters.
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Inside this hub
Good to know
- All 21 tools run in your browser: what you open or paste is not uploaded.
- 20 of 21 keep working without a connection once loaded.
- Results are estimates for planning and learning, not financial or legal advice. Check the method and assumptions on each tool’s page.
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