Loan / EMI Calculator
FeaturedCalculate monthly EMI, total interest and total payable amount for a loan from principal, rate and tenure.
About the Loan / EMI Calculator
The Loan EMI Calculator computes your Equated Monthly Instalment for any loan — home, car, personal or education — based on the principal, annual interest rate and tenure. It also shows total interest paid and the full payment schedule.
How to use the Loan / EMI Calculator
- 1Enter the loan amount (principal).
- 2Enter the annual interest rate as a percentage.
- 3Enter the loan tenure in months or years.
- 4Read the monthly EMI, total interest, and total payable amount instantly.
Why people use it
- Compare monthly payments across different tenure and interest-rate scenarios.
- Estimate affordability before applying for a home or car loan.
- Understand how much of each payment goes to interest vs. principal.
- Model prepayment and refinance decisions.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r the monthly interest rate (annual rate ÷ 12 ÷ 100), and n the number of monthly instalments.
Does the calculator include processing fees or GST?
No — EMI is calculated only from principal, rate, and tenure. Add fees, insurance and taxes separately based on the offer from your lender.
Can I change the currency?
The calculator is currency-agnostic — the same math works for any currency. The label is just for display.
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