Payment Calculator – Monthly Installment & Interest Breakdown
Calculate your monthly loan/installment payment and see total interest breakdown. 100% free · Instant results · Works in your browser.
Payment Frequency:
Monthly / Periodic Payment:
—
Total Amount Paid: —
Total Interest Paid: —
Why Use This Payment Calculator?
- Calculate accurate monthly installment (EMI) amounts instantly
- See a clear breakdown of principal vs interest payments
- Helpful for loans, financing plans, and installment purchases
- Plan your budget better before committing to a payment plan
- Free, fast, and accessible on all devices
How to Use Payment Calculator (3 Easy Steps)
- Enter the loan or purchase amount
- Add the interest rate and loan duration (months or years)
- Click “Calculate” to view monthly installment and total interest
Frequently Asked Questions (FAQ)
What is a monthly installment (EMI)?
A monthly installment is the fixed amount you pay each month toward a loan, including both principal and interest.
Who should use a payment calculator?
Anyone planning a loan, installment purchase, or financing option can use this calculator to estimate payments.
Does this calculator show interest breakdown?
Yes, it shows how much interest you pay over time along with the total repayment amount.
Is this calculator suitable for all types of loans?
It works for most standard loans, including personal loans, auto loans, and installment plans.
How accurate are the monthly payment results?
The results are based on standard loan calculation formulas. Actual payments may vary depending on lender terms.
Is this payment calculator free to use?
Yes, this is a completely free online calculator with no signup required.