Simple Interest Calculator
Simple interest in ₹ for short-term lending and study/moratorium phases (e.g. some education loans). Pair with EMI for repayment stage.
Inputs
About this calculator
Standard calculator — any loan type
Same reducing-balance EMI math for personal, home, car, business, education repayment, and other EMI loans in ₹. Deep explainers live in Learn: What is EMI, fixed vs floating, rate resets, education loans, prepayment, prepay or invest, top-ups.
FAQ
Tap a question to expand.
When is simple interest used?
Short-term lending, some fee calculations, and often the moratorium / study period of education loans (interest on disbursed amount without full EMI amortization).
How do I use this for an education loan during the course?
Enter disbursed principal, annual simple interest rate, and duration in years. If interest is unpaid, add I to principal, then open the EMI calculator for the repayment stage.
Is standard loan EMI simple interest?
No. Typical personal, car, and home loan EMIs use reducing-balance during repayment. Use the EMI calculator for those.
How do I model an education loan (simple interest during study, then EMI)?
During course / moratorium, many education loans use simple interest on the disbursed amount. Use the Simple Interest calculator for that phase. If interest is unpaid and added to the loan, new principal ≈ original principal + unpaid simple interest. Then use the EMI or amortization calculators on that outstanding for the repayment period.