How much simple interest will I earn or pay?
Simple interest is worked out on the original amount only, at the same rate every year. Enter the amount, the rate and the period to see the interest and the total.
Total amount
₹1,40,000
Indicative only. Your lender’s figures may differ. Nothing you enter here is sent anywhere or stored.
Interest = P × r × t ÷ 100
P is the amount, r the yearly rate in percent and t the years. Interest is worked out on the original amount only; the total is P plus the interest.
If you enter
You get
These are the calculator's starting values. Change them above to see your own.
Compare interest rates and charges before you open one.
Kotak Mahindra Bank
IndusInd Bank
Equitas Small Finance Bank
DBS Bank India
Interest = principal × rate × time ÷ 100, with the rate a year and time in years. The total is the principal plus the interest.
Some short loans, gold loans and informal lending. Bank deposits and most loans use compound interest or a reducing balance instead.
At the same rate, yes: you pay interest only on the amount you borrowed. Compare the total you pay, not only the rate.
Short reads that explain how it works before you decide.
Automatically organise your spending, track expenses and understand where your money goes.
