Loan & EMI Calculator

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Calculate monthly EMI, total interest and total payable amount for a loan from principal, rate and tenure.

Calculators

Loan amount

Interest rate (% p.a.)

Tenure (years)

Quick Breakdown

Principal amount500,000

Total interest130,056

Total payable630,056

Monthly EMI

10,501

Per month for 60 months

Total Cost

630,056

Loan EMI Disclaimer

Disclaimer: This calculator is for estimation purposes only. Actual interest rates, processing fees, and payment schedules are determined by your financial institution and may vary based on your credit profile and local regulations.

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.