Purpose Loan Calculator
Total Interest Amount:
Total Principal:
Total Payment (Principal+Interest):
EMI (Monthly Payment):
📘 How to Use the EMI Calculator
Step 1: Enter Principal Amount
Input the total loan amount you plan to borrow.
Example: ₹50,000
Step 2: Enter Interest Rate
Provide the annual interest rate charged by your lender.
Example: 12%
Step 3: Enter Tenure
Fill in the loan duration and select whether it's in months or
years using the toggle switch.
Example: 5 Months or 1 Year
Step 4: Enter Additional Charges (Optional)
If applicable, enter any processing fees or other charges.
Example: ₹500
Step 5: Click “Calculate”
Press the Calculate button to see your EMI details and total payable amount.
📊 What Results You’ll See
- Total Interest Amount: Total interest payable over the loan tenure.
- Total Principal: The original loan amount.
- Total Payment (Principal + Interest): Total amount to be paid back.
- EMI (Monthly Payment): Your fixed monthly installment amount.
Note: Calculations are approximate and may vary depending on lender terms and compounding method.
Purpose Loan Calculator
