What is an Interest Calculator?

An interest calculator is an online calculator useful for calculating simple interest, and compound interest on savings, loans, and investments. It is easy to input the principal amount, interest rate, time, compounding frequency, or see how much interest you will earn or pay.

Whether you want to find out your returns on a fixed deposit (FD), continuing deposit (RD), or mutual fund investment, or estimate the cost of interest on a home loan, auto loan, or education loan, this calculator gives accurate results whether you want to use it as a Simple Interest Calculator, Compound Interest Calculator, and/or Loan Interest Estimator.

Why Use This Interest Calculator?

• For saving growth - Learn about how your bank savings, and fixed deposits grow over time.
• For loans - Understand how much interest you will pay in car loans, education loans, and mortgages.
• Different types of interest - Choose from simple interest (SI) or compound interest (CI).
• Flexible compounding - Choose if you want to calculate the interest based on annual, semi-annually, quarterly, monthly or daily.
• Helpful planning tool - Useful for students, professionals in the workforce, small business owners, or financial planners.

How to Use the Interest Calculator:

1. Enter Principal (₹) - The amount you are borrowing or investing.
2. Enter Contributions (Optional) - Monthly or yearly contributions for (savings).
3. Enter Interest Rate (%) - The annual interest will be charged (on debt) or earned (on savings).
4. Select Compounding Frequency - Annually, semi-annually, quarterly, monthly, weekly, or daily.
5. Set the Time Interval of Investment - In years or months.

After completing the entries in the form, the calculator will provide:

• Your total interest that was earned or paid.
• Your final accumulated amount.
• A growth chart comprising annual values over the term.

Disclaimer

The Interest Calculator is intended for educational and informational purposes only. Calculated results are estimates and may differ from actual amounts. Always verify with your bank or financial advisor before making any financial decisions.