Planning a loan or looking to pay one off early? The Hancerz Loan Repayment Calculator is more than just a simple EMI tool. It provides a complete financial breakdown of your debt, helping you visualize how interest accumulates over time.
Unlike standard calculators, our tool includes an Early Settlement Analyzer, allowing you to see exactly how much interest you save by foreclosing your loan today.
🏦 Loan Calculator
Monthly Payment (EMI)
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Total Interest
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Total Cost
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⚡ Early Settlement / Foreclosure
Calculate the foreclosure amount if you decide to pay off your loan today.
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|
Understanding Your Loan
- EMI (Equated Monthly Installment)
- A fixed payment amount made by a borrower to a lender at a specified date each calendar month.
- Amortization Schedule
- A complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment.
- Early Settlement / Foreclosure
- Paying off the outstanding principal balance of a loan before the scheduled term ends. This may attract a penalty fee but saves future interest costs.
Features that make this the best Loan Tool
- 📊 Instant Amortization Schedule: View a month-by-month breakdown of principal vs. interest.
- ⚡ Early Settlement Analysis: Calculate foreclosure charges and see your net savings instantly.
- 📄 PDF Export: Download a professional, branded report for your records or to share with a bank.
- 🌍 Multi-Currency Support: Auto-detects your region (USD, EUR, GBP, INR, PKR, and more).
How to Calculate Your Loan Repayment
- Enter Loan Details: Input your total loan amount, annual interest rate, and tenure in years.
- Analyze the Chart: The dynamic chart shows the ratio of Principal (what you borrowed) vs. Interest (what the bank earns).
- Check Early Settlement: Scroll to the “Early Settlement” section. Enter the number of months you have already paid to see your foreclosure amount.
- Download Report: Click the PDF button to save the complete schedule.
Frequently Asked Questions (FAQ)
- What is an Amortization Schedule? An amortization schedule is a table detailing each periodic payment on an amortizing loan. It breaks down how much of each payment goes toward the principal balance versus interest.
- How is Early Settlement calculated? Early settlement (or foreclosure) is calculated by taking the outstanding principal balance after your last payment and adding any penalty fees charged by the bank. Our tool helps you compare this cost against the future interest you would save.
- Does this calculator support floating interest rates? Currently, this tool calculates based on a fixed interest rate for the duration of the tenure. For floating rates, we recommend recalculating whenever your bank adjusts the rate.
- Is the PDF download free? Yes, the PDF generation happens instantly in your browser. No data is sent to our servers, ensuring your financial privacy.