Is there a free loan EMI calculator API?

Yes. GET /api/v1/loan?principal=5000000&rate=12.5&months=240 returns the monthly EMI plus total interest and total payment using the reducing-balance formula.

All endpoints

GET/api/v1/loan

Loan EMI Calculator API

Equated monthly instalment (EMI) plus total interest and total payment, using the reducing-balance formula.

Parameters

Param	In	Required	Description
principal	query	yes	Loan amount in LKR.
rate	query	yes	Annual interest rate %.
months	query	yes	Tenure in months.

Request

curl "https://induwara.lk/api/v1/loan?principal=5000000&rate=12.5&months=240"

JavaScript (SDK):

import { InduwaraLK } from "https://induwara.lk/sdk/induwaralk.js";
const api = new InduwaraLK();
const data = await api.loan(/* … */);

Response

{
  "ok": true,
  "data": {
    "principal": 5000000, "annualRate": 12.5, "tenureMonths": 240,
    "emi": 56785.71, "totalInterest": 8628570.4, "totalPayment": 13628570.4,
    "currency": "LKR"
  }
}

Frequently asked questions

Is there a free loan EMI calculator API?: Yes. GET /api/v1/loan?principal=5000000&rate=12.5&months=240 returns the monthly EMI plus total interest and total payment using the reducing-balance formula.

Get a free API key All endpoints