Loan Interest Rate Calculator
Compare interest costs across different loan rates.
Inputs
Enter values below and click calculate to see results.
Results
Your output will appear below once all required inputs are provided.
Result
Enter values to see the result
Formula
Rate found via iterative approximation solving the EMI formula
Example
Given a loan amount, EMI, and tenor, this estimates the implied annual interest rate.
principal
500000
emi
10624
tenure
5
Expected result
10
FAQ
Common questions about this calculator.
Why estimate interest rate?
It helps compare loan offers when you know the EMI and tenure but not the rate.
Is this exact?
This uses a numeric approximation and may vary slightly depending on rounding.