Loan EMI Calculator
Calculate monthly loan instalments, total interest and a repayment schedule.
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Runs entirely in your browser. Your files and text are never uploaded to our server.
- Instant results
- 100% free
- No sign-up
- Private
Loan EMI Calculator shows the monthly payment for a home, car or personal loan, the total interest you will pay, and a month-by-month schedule.
Buying a home? Use the Mortgage Calculator to include property tax, insurance and PMI.
More about Loan EMI CalculatorHow to use, good to know & FAQ
Step-by-step guide: Loan EMI Formula: How to Calculate EMI With a Worked Example
How to use Loan EMI Calculator
- Enter the loan amount, yearly interest rate and term.
- Read the monthly payment and totals.
- Open the schedule to see principal and interest for each month.
Good to know
- Results are estimates for a standard fixed-rate loan. Your lender's figures may differ because of fees, insurance or rounding.
Frequently asked questions
What formula is used?
EMI = P x r x (1 + r)^n / ((1 + r)^n – 1), where P is the amount, r the monthly rate and n the number of months.
What is EMI?
EMI is the fixed monthly payment covering both principal and interest.
How can I reduce total interest?
Choose a shorter tenure or make part-prepayments when your loan allows it.
When to use Loan EMI Calculator
- Compare loan offers from different banks
- Plan a home or car purchase budget
- See how tenure changes total interest
- Check affordability before applying
📘 Read the guide: How to Calculate Percentages: Simple Formulas With Examples