Monthly EMI
0.00
Total Interest
0.00
Total Payment
0.00
EMI Formula
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Where:
EMI = Equated Monthly Installment
P = Principal Loan Amount
r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
n = Loan Term in Months
About the Loan EMI Calculator
An EMI (equated monthly instalment) calculator tells you the fixed monthly payment on a loan, plus the total interest you'll pay over its life. It uses the standard amortisation formula based on principal, interest rate and tenure.
Enter your loan details and it computes the EMI, total interest, and total repayment in your browser. Use it to compare loan offers or check what a given loan will actually cost you each month.
How to use the Loan EMI Calculator
- 1Enter the loan amount (principal).
- 2Enter the annual interest rate and the tenure (in months or years).
- 3Read the monthly EMI, total interest, and total amount payable.
- 4Adjust the numbers to compare scenarios.
Common uses
Home / car loans
See the monthly EMI before you commit to a loan.
Comparing offers
Weigh two loans by their true total cost, not just the rate.
Budgeting
Check that an EMI fits your monthly budget.
Frequently asked questions
How is EMI calculated?
With the standard formula EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is principal, r the monthly rate, and n the number of months.
Does a longer tenure reduce the EMI?
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
Does this include fees or insurance?
No. It computes the pure principal-and-interest EMI; processing fees, insurance and taxes are extra.
Is my data private?
Yes. The calculation happens entirely in your browser.