Loan EMI Calculator
Work out your exact Equated Monthly Instalment (EMI) for any loan — personal, car or home. Set the amount, interest rate and tenure to see your monthly payment and total interest.
Loan EMI Calculator
Your monthly loan instalment, total interest and total payable.
Fixed monthly instalment for the whole loan term.
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How to use this calculator
Type in your loan amount, enter the annual interest rate and choose the tenure in years or months, then press Calculate. The result shows your fixed monthly EMI, the total interest and the total amount you will repay, with a bar showing the split between principal and interest.
Formula
Equated Monthly Instalment, where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12) and n is the number of monthly payments (years × 12).
Frequently asked questions
What is an EMI?
EMI stands for Equated Monthly Instalment — a fixed amount you pay every month towards your loan until it is fully repaid. Each payment covers part of the interest and part of the principal.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI, but you pay much more interest in total. A shorter tenure costs more each month but saves interest.
Can I use this for a car or home loan?
Yes. The same EMI formula applies to any loan — personal, car, home or business. Just enter the loan amount, rate and tenure.