Simple Interest Calculator Online (INR)
Use this simple interest calculator to estimate interest and the total amount payable when interest is not compounded. It is useful for short loans, basic classroom maths, and quick comparisons before you look at a compounding product.
How to use this calculator
Use this simple interest calculator to estimate interest and the total amount payable when interest is not compounded. It is useful for short loans, basic classroom maths, and quick comparisons before you look at a compounding product. Results stay in your browser. They are estimates, not financial, tax or medical advice.
Frequently asked questions
How is simple interest calculated?
Simple interest = principal × annual rate × years / 100. The total amount is principal plus interest.
Does this calculator use compounding?
No. For compounding, use the compound interest or fixed deposit calculators.