Bank Interest Calculator (Simple/Compound Interest Calculator)

Bank Interest Calculator

Calculate Bank Interest Rates in Seconds

Our free Online Bank Interest Calculator helps Indians easily calculate both simple interest and compound interest for loans, fixed deposits (FDs), recurring deposits (RDs), and savings accounts. Whether you’re planning to take a ₹5 lakh personal loan or invest ₹10,000 monthly in a compound interest FD, this financial tool gives accurate results in second

Key Features:
✅ Compare Simple vs Compound Interest
✅ Calculate Loan Interest (Home, Car, Personal)
✅ Project FD/RD Maturity Amounts
✅ Analyze Savings Account Growth
✅ Mobile-Friendly Calculator

Top 10 Use Cases:

  1. Loan Planning: Calculate total interest payable on home loans (up to 30 years) and personal loans (1-5 years)
  2. FD Investments: Know exact maturity amount for 1-year to 10-year fixed deposits with quarterly compounding
  3. Debt Management: Compare credit card debt (daily compound) vs personal loan interest
  4. Education Savings: Calculate how much to invest monthly for child’s college fund
  5. Business Loans: Analyze ₹50 lakh MSME loan interest with monthly/yearly repayment options
  6. Car Loans: Compare 7% vs 9% interest rates on 5-year auto loans
  7. Emergency Fund Growth: See how ₹2 lakh emergency fund grows with 6% compound interest
  8. Debt Consolidation: Check if merging multiple loans saves interest costs
  9. Retirement Planning: Project 20-year NSC/PPF investment growth
  10. Gold Loan Comparison: Analyze 12-month gold loan interest across banks

FAQs
Q1: How to calculate bank interest rate?
A: Enter principal amount, interest rate (p.a.), tenure, and select compound frequency (for FDs/RDs). Our calculator auto-computes total interest and maturity amount.

Q2: Which is better – simple or compound interest?
A: Compound interest grows investments faster but increases loan costs. Use our calculator to compare both scenarios.

Q3: Is this calculator accurate for home loans?
A: Yes! It factors in reducing balance method used by Indian banks for home loan EMI calculations.

Q4: Can I calculate monthly interest for savings accounts?
A: Absolutely! Select “Monthly” compounding to see how your savings account balance grows.

Q5: How to reduce loan interest payments?
A: Compare different tenures using our calculator – shorter loans usually have lower total interest.

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