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Find your EMI, or find what you can borrow.
Most people think about a loan in one direction — how much would this cost me — but the more useful question is often the reverse: given a monthly payment I know I can afford, how much can I actually borrow. The Loan Calculator handles both: enter a loan amount, rate, and tenure to find the monthly payment, or flip it around and enter a target monthly payment to find the loan amount it can support. It's built for anyone shopping for a home loan, car loan, or personal loan who wants to sanity-check a lender's offer or set a realistic budget before even talking to a lender, rather than finding out the affordable number only after applying. Running the same scenario at a couple of different tenures side by side is usually more revealing than checking one combination in isolation — a longer tenure lowers the monthly payment but meaningfully increases total interest paid, a tradeoff that's easy to underweight when only looking at the monthly figure a lender leads with.
P = EMI × [ (1 + r)ⁿ − 1 ] / [ r × (1 + r)ⁿ ]
This is the EMI formula rearranged to solve for principal (P) instead of EMI. Given the EMI you can afford, the interest rate, and the tenure, it tells you the largest loan that payment can support.
Switching to "Find loan amount" mode with an $2,000 monthly budget at 8.5% over 20 years:
Inputs
Results
Monthly EMI
$2,169.56
Total interest
$270,693.94
Total payment
$520,693.94
Share of your total payment that goes to principal vs. interest.
Remaining principal as the loan is paid down, month by month.
240 monthly installments, principal and interest broken out.