Personal Loan Calculator
Personal loan calculator with fee and insurance options
Estimate EMI, APR and total borrowing cost with optional origination fee and insurance.Input details
Summary Result
Loan Amount
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Interest (ROI)
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Loan Period (Months)
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Monthly Payment (EMI)
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Total Interest
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Annual Payment
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Total Payment (Loan + Interest)
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Monthly pay + insurance
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Total insurance
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Origination fee
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Cost of loan (interest + fee + insurance)
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APR %
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Payoff Date
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Loan Amount vs Fee, Insurance and Interest
Initial Loan Amount--
Origination Fee--
Total Insurance--
Total Interest--
Amortization Schedule
| Year | Amount | EMI | Interest | Principle | Balance |
|---|---|---|---|---|---|
| Enter inputs and calculate. | |||||
| Month | Amount | EMI | Interest | Principle | Balance |
|---|---|---|---|---|---|
| Enter inputs and calculate. | |||||
Personal Loan Formula and Instructions
Method 1: EMI
- EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is financed principal, r monthly rate, n months.
- If interest rate is 0, EMI = P / n.
Method 2: Fee and Insurance
- Origination fee can be percentage or fixed amount.
- Deducted fee reduces disbursed amount; upfront fee increases immediate out-of-pocket.
- Total insurance = monthly insurance x loan months.
Method 3: APR Approximation
- APR % approximates annualized borrowing cost including interest, fee and insurance spread over loan term.
- Cost of loan = Total Interest + Origination Fee + Total Insurance.