Is there a specific interest calculator for different types of loans?

Yes, specific interest calculators are available online for different types of loans. These calculators allow you to easily calculate the interest payment and total repayment amount.

For home loans, you can use a home loan EMI calculator, which factors in the loan amount, interest rate, tenure and compounding period to give you the exact EMI breakdown and total interest payable.

For personal loans, a personal loan EMI and interest calculator takes inputs on the loan amount, interest rate, processing fees and tenure to provide the interest and EMI details.

You can use a car loan EMI calculator to calculate interest based on the ex-showroom price, down payment, loan tenure, interest rate, and associated charges.

There are also specific calculators for education loans, business loans, gold loans, etc., which customise the calculations as per different loan parameters