

How to Calculate Percentage with Easy Formula and Examples
What is Financial Loan Calculator?
A Financial Loan Calculator is a practical tool that determines your equated monthly installment (EMI) and the total interest you’ll pay for any loan amount, interest rate, and tenure. It brings clarity to loan planning, helping users make informed borrowing decisions efficiently.
With just a few inputs, this calculator shows not only your monthly payout but also the complete interest and payment summary. It is widely used for home, personal, car, and education loans, making repayment planning easy for students and families alike.
Formula Behind Financial Loan Calculator
The EMI calculation uses this standard formula: EMI = [P × R × (1+R)^N] ÷ [(1+R)^N - 1], where P is principal (loan amount), R is the monthly interest rate, and N is the total number of monthly installments. This amortizes both principal and interest across the loan tenure, providing an accurate fixed monthly payment.
Financial Loan Calculation Table
Principal (₹) | Rate (% p.a.) | Tenure (Years) | EMI (₹) |
---|---|---|---|
1,00,000 | 8 | 5 | 2,027.64 |
5,00,000 | 10 | 10 | 6,608.15 |
3,00,000 | 12 | 3 | 9,968.07 |
2,50,000 | 7.5 | 7 | 3,824.80 |
Steps to Use Financial Loan Calculator
- Enter your loan amount (principal), annual interest rate, and loan tenure in years.
- Click "Calculate" to compute monthly EMI and other details.
- Instantly see your loan breakdown below for smarter decision making.
Why Use Vedantu’s Financial Loan Calculator?
This loan calculator allows anyone to plan finances swiftly, visualizing EMI, total payment, and interest within seconds. There’s no need for complex manual calculations or financial anxiety when borrowing.
Since the tool works for all common loans and is mobile-friendly, you can easily use it to compare multiple banks or loan offers before signing, right from your phone or laptop. Explore percentage calculations to double-check offers against claimed rates.
Applications of Financial Loan Calculator
Most people use this EMI calculator to plan home loans, personal loans, education loans, or car loans, ensuring installments fit their monthly budget. It’s vital for first-time borrowers aiming for affordable, stress-free payback.
Small business owners or families also rely on this tool when evaluating new credit options. For deeper math or interest checks, you might also explore Vedantu’s compound interest calculator or simple interest calculator, and for exam help browse our algebra resources or the Prime Numbers guide for foundational concepts.
FAQs on Percentage Calculator – Find Any Percentage Easily
1. What is a percentage calculator and how does it work?
2. What is the formula for calculating percentages?
3. How do I calculate a percentage increase or decrease?
4. How can I use a percentage calculator to find the percentage of a number?
5. What are some real-life applications of percentage calculations?
- Calculating grades and scores: Determining your percentage marks in exams.
- Shopping discounts: Calculating the actual price after a discount is applied.
- Financial calculations: Calculating interest rates, profits, losses, and tax rates.
- Data analysis: Representing data as percentages for better understanding.
6. What are the steps to use Vedantu's percentage calculator?
- Enter the 'Value' (the number you want to express as a percentage).
- Enter the 'Total' (the reference number).
- Click 'Calculate' to instantly see the result.
7. How accurate are the results from Vedantu's percentage calculator?
8. Can I use this calculator for calculating percentage change?
9. Why is understanding percentages important in mathematics?
10. Are there any limitations to using this online percentage calculator?
11. What if I enter incorrect values into the percentage calculator?
12. Is there a difference between using a percentage calculator and manually calculating percentages?











