Interest Calculator

Simple Interest Calculator

Calculate simple interest on your loans, savings, or investments instantly. Know your total interest and maturity amount with just a few clicks.

Fill in the fields below to calculate simple interest

Principal Amount (₹)

₹

Rate of Interest (% per annum)

Time Period

Enter time in years, months, or days

Interest Type

Simple Interest (non-compounding)

Simple interest is calculated only on the principal amount.

Enter your principal, rate, and time to see the simple interest and total amount.

Interest earned/paid Total maturity amount Daily, monthly, yearly breakdown

SI = (P × R × T) / 100
Where P = Principal, R = Rate of interest, T = Time period

Simple interest is commonly used for short-term loans, car loans, and some types of fixed deposits. It's easy to calculate and understand.