Payment Calculator
Solve one unknown value at a time: monthly payment, loan amount, or payoff term. Perfect for installment loan planning and budget checks.
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Loan Inputs
₹
₹
%
years
₹
Monthly Payment
₹0
Loan Amount
₹0
Base Payment
₹0
Loan Term
0 mo
Total Interest
₹0
Payoff Date
-
Core Formula
For fixed-rate installment loans, monthly payment is computed as:
M
=
P
×
r(1+r)n
(1+r)n−1
Where P is principal, r is monthly interest rate, and n is total number of monthly payments.
Practical Tips
- Use Solve Payment to verify if a loan fits your monthly budget.
- Use Solve Loan Amount to estimate borrowing capacity for a target EMI.
- Use Solve Term to see how long payoff takes with your desired payment.
- Adding even small extra monthly principal can significantly reduce total interest.
Frequently Asked Questions
Can this calculator solve different variables?
+
Yes. Switch the mode to solve either monthly payment, principal, or term. The selected mode disables its corresponding input and computes it from the other values.
Is this for fixed or variable rates?
+
This model assumes a fixed interest rate over the full loan term. Variable-rate loans need periodic recalculation as rates change.
Does this include taxes, insurance, or fees?
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No. It calculates principal and interest only. Use mortgage-specific calculators for escrow, taxes, insurance, and PMI.