Loan & EMI Calculator

A lender quotes you "just 8% flat". Your friend's bank quotes 13% reducing. The flat one sounds cheaper. It usually is not — and the gap is not small.

Loan & EMI Calculator shows you both, side by side, on your own numbers.

FLAT VERSUS REDUCING, CONVERTED PROPERLY
• Enter a flat rate and see the reducing-balance rate it actually equals
• The conversion is the real one, not a rule of thumb
• This is the single most useful thing this app does, and it is free

YOUR INSTALMENT, AND WHERE IT GOES
• EMI from principal, rate and tenure
• Full amortisation schedule — every instalment split into interest and principal
• Total interest over the life of the loan, stated plainly
• See the month your loan turns: the first instalment that repays more principal than it pays in interest, highlighted in the schedule

PREPAYMENT: THE TWO QUESTIONS PEOPLE ACTUALLY ASK
• Pay a lump sum and keep the instalment — how many months does it cut?
• Pay a lump sum and keep the tenure — how much does the instalment drop?
• Both modes, with the interest saved shown for each

COMPARE TWO LOANS BEFORE YOU SIGN
• Put two offers for the same amount side by side
• Different rate, different tenure: see the instalment and the total interest of each
• The cheaper monthly payment and the cheaper loan are often not the same one

ISLAMIC FINANCE STRUCTURES
• Murabaha, Ijara and Diminishing Musharaka, each calculated on its own terms
• Not a conventional loan relabelled — the profit and rent structures are modelled as they are actually written

SAVE THE ONES THAT MATTER
• Keep a loan with a name and notes and reopen it later
• Useful when you are comparing offers over a week, not an afternoon

WORKS WHERE YOU ARE
• 152 currencies
• 12 languages
• No account, no login — the loans you save stay on your phone
• The ads and anonymous crash reports use the internet

FREE AND PREMIUM Every calculator is free and unlimited. Free keeps three saved loans; premium removes that limit and the ads — monthly, yearly, or a one-time lifetime purchase.

ARITHMETIC, NOT ADVICE This app does the maths on the figures you type in. It does not recommend a loan, does not tell you what you can afford, is not a lender, and is not financial advice. Fees, insurance, processing charges and tax treatment vary by lender and by country
— confirm the final figure with the institution before you sign anything.

Enter your numbers. See what the loan really costs.