Find the monthly payment for a term, or the payoff time for a fixed payment.
Payment = P × r ÷ (1 − (1 + r)^−n). A ₹10,00,000 loan at 9% over 5 years costs ₹20,758.36 a month and ₹2,45,501.31 in interest.
The Payment Calculator answers two questions. Given a loan amount, rate and term, what is the monthly payment? Or given a payment you can afford, how long will it take to clear the loan? Both show the total interest and a yearly repayment schedule.
Paying more than the minimum shortens the term dramatically — try a few payment amounts in the second mode. For full options such as extra payments and fees use the Loan Calculator; to find the rate behind a payment use the Interest Rate Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Value |
|---|---|
| Loan amount | ₹10,00,000.00 |
| Monthly payment | ₹20,758.36 |
| Time to pay off | 5 years |
| Total interest | ₹2,45,501.31 |
| Total paid | ₹12,45,501.31 |
| Case | Monthly payment |
|---|---|
| ₹10,00,000, 9%, 3 years | ₹31,799.73 |
| ₹10,00,000, 9%, 5 years | ₹20,758.36 |
| ₹10,00,000, 9%, 7 years | ₹16,089.08 |
| ₹10,00,000, 9%, 10 years | ₹12,667.58 |
| ₹10,00,000, 12%, 5 years | ₹22,244.45 |
Use P × r ÷ (1 − (1 + r)^−n) with the monthly rate and number of months.
Choose “Time to pay off”, enter the loan, rate and your monthly payment.
Extra payment goes straight to principal, cutting the interest on every later month.
The loan would never be repaid; the calculator tells you the payment is too small.
For a fixed-rate loan, yes. For floating-rate loans it changes when the rate changes.
A yearly schedule appears below the summary.
It uses the standard formula: payment = P × r ÷ (1 − (1 + r)^−n) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
