Simple loan payment calculator
Principal, simple interest %, term → monthly payment estimate. Not EMI/APR/tax advice.
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How it works
This is a simple-interest approximation: total interest = principal × rate × years; payment = (principal + interest) ÷ months.
Real loans compound and add fees, so treat this as a planning estimate only. No tax, GST, insurance, or APR included.
Examples
10,000 @ 5% / 24 mo → interest ≈ 1,000, payment ≈ 458.33/mo
FAQ
Is this a real amortization? No — simple-interest estimate. Real lenders compound monthly and add fees.
EMI/SIP? Deliberately out of scope; this stays a simple calculator.
APR? APR includes fees; this tool ignores fees.
Prepayment? Not modeled.
Advice? Not financial advice — an estimate for planning.