Bank Loan Calculator

A bank loan calculator is an essential financial tool that helps individuals and businesses plan their borrowing needs effectively. Whether you're looking to finance a car, purchase a home, start a business, or cover personal expenses, understanding your loan payments is crucial for making informed financial decisions.

Our free bank loan calculator supports multiple loan types including personal loans, car loans, mortgage loans, and business loans. It's designed to work seamlessly across different countries including India, United Kingdom, Bangladesh, Philippines, Malaysia, Sri Lanka, and Singapore, with support for various currencies and banking systems.

The calculator provides comprehensive EMI (Equated Monthly Installment) calculations, allowing you to see exactly how much you'll pay each month. It includes detailed amortization schedules that break down each payment into principal and interest components, helping you understand how your loan balance decreases over time.

One of the key features is the ability to model extra payments and lump sum payments. By making additional payments, you can significantly reduce the total interest paid and shorten your loan term. The calculator shows you exactly how much you can save in interest and how many months you can shave off your repayment period.

For car loans, the calculator helps you determine the loan amount based on the car price and down payment. For mortgage loans, it can include property taxes and home insurance in your calculations, giving you a more accurate picture of your total monthly housing costs.

The calculator supports various banks including SBI (State Bank of India), HDFC Bank, ICICI Bank, Axis Bank, and international banks like HSBC, Standard Chartered, Maybank, CIMB, and DBS. While bank-specific rates are provided as defaults, you can always adjust the interest rate to match your actual loan offer.

Whether you're comparing loan offers from different banks, planning your budget, or exploring prepayment options, our bank loan calculator provides instant, accurate results. The payment schedule can be exported to CSV format for further analysis in spreadsheet applications like Excel or Google Sheets.

Understanding your loan terms before signing any agreement is crucial. Use this calculator to explore different scenarios, compare options, and make confident financial decisions. Remember that actual loan terms may vary based on your credit score, income, and other factors, so always consult with your bank for the most accurate rates and terms.