Interest Rate Calculator: Calculate Interest Rate From EMI, Loan Amount, and Tenure

Now easily calculate your annual interest rate of your loan using our free interest rate calculator from EMI, loan amount, and loan tenure. By using our Loan interest rate calculator, you can get an accurate interest rate in just a few seconds. It is very important to know the interest rate of your loan. It helps you to calculate your total interest amount.

What is an Interest Rate Calculator?

An Interest Rate Calculator is one of the best and smart financial calculators, it is for everyone who takes and gives loans to needy people. This tool helps you to calculate the interest rate of your loan by using just a few details such as the Loan amount, the Monthly EMI, and the Loan Tenure. There are too many people in this world who have taken a loan from the finance companies and banks, but still don’t know their actual interest rate; they are just paying their EMI monthly without calculating their interest rate.

Now You can calculate your Loan interest rate by just entering a few details like loan EMI, Loan amount, and tenure. And after that you will know your interest rate. It is so important to know the interest rate. Because right now, there are many more frauds happens. Basically, when normal guys are taking loans from the banks and financial companies.

Why should you use this Interest Rate Calculator tool?

Right now, everyone is giving a loan on EMIs. Now, you do not have to pay interest monthly, you pay EMIs. This is really good. But there are a few problems. For example, many companies and banks said that they are giving loans at just 9% or 10% annual interest rate and they give loans to you with easy EMIs.

And you start paying EMIs without calculating the exact interest rates. But in reality, you paid an interest rate higher than they said. That’s why you should use this Interest rate calculator tool. And now most of the online calculators calculate EMIs using interest rate, loan amount, and loan tenure.

But most people don’t know about their interest rate, how much they are paying to banks, NBFCs, and financial companies. But everybody knows about their loan amount, monthly EMIs, and loan tenure. Therefore, we have launched this interest rate calculator from EMI, by which now everyone has knowledge about their loans’ interest rate. Here are some top benefits of using our best interest rate calculator tool:

• 100% Free and Secure to Use
• Fast and Mobile Friendly
• Instant and Accurate Result
• No complicated Formulas needed.

Where can you use this Interest rate calculator tool?

In real life, you can use this tool for many times. For example- You can use this calculator to check:-

• Is Your Bank charging the right interest rate as they claim?
• Comparing loan offers from different banks.
• Educating yourself before taking out loans.
• Verifying your loan Interest rate for your car loans, Home Loans, Bike Loans, Marriage loans, Personal Loans and any type of loans.

How to use the Loan Interest Rate Calculator?

It is too easy and simple to use the loan interest rate calculator tool. To use this calculator, you have to just follow these steps:-

1. Enter Your Loan Amount(Principal Amount) in the first input box.
2. Now enter the Monthly EMI that you pay every month.
3. Now enter the Loan Tenure in months. Loan tenure means the time for that you have taken out your loan.
4. After entering all the above details correctly, click on the ” Calculate Interest Rate” Button. As you click on the button, this tool will instantly show your loan interest rate below.

Important FAQs:

Conclusion

We have launched this loan interest rate calculator from the EMIs and loan amount for people. We hope this amazing tool will help you to calculate your loan interest rate, and now you will have knowledge of your loan’s interest rate. This loan interest rate calculator for EMI is a very useful tool. If you have also liked this tool, don’t forget to share it with your friends and family. Thanks.