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The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values.

Description Data Entry
Loan Amount
Loan Length in Months
Interest Rate
Monthly PaymentCalculated
Enter only numeric values (no commas), using decimal points where needed.
Non-numeric values will cause errors.
We help you find Payday loans with best interest rates
WHAT ARE PAYDAY LOANS
A payday loan is a type of easy personal loan. It is a short-term credit to get cash quickly, even with a bad credit score or a low income.
Payday loans are unsecured & typically availed when a borrower needs to tide over till his next pay cheque. Traditionally, these loans have to be repaid in one lump sum. These loans are also termed as payday advance, salary loan, payroll loans, cash advance, instant cash loans etc.
While such loans typically have higher approval rates as compared to longer-term loans from banks, they are usually provided at higher personal loan interest rates as the cost of funding such short-term loans is expensive.
Immediate cash loans in India are now a lot easier with MYFI. We aim to find low rate personal loans from reliable NBFCs and help you avail the best personal loan rates in the market.