Loan EMI Calculator
Calculate your monthly loan EMI, total interest and total payment for any loan.
Your privacy is safe, this tool runs entirely in your browser. Nothing you enter is uploaded to or stored on our servers.
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How to use Loan EMI Calculator
- 1Enter the loan amount (principal).
- 2Enter the annual interest rate (in %).
- 3Enter the loan tenure and choose years or months.
- 4Click “Calculate EMI” to see your monthly payment, total interest and total amount.
About the Loan EMI Calculator
The EMI calculator helps you plan a loan before you take it. By entering the loan amount, interest rate and tenure, you instantly see your fixed monthly instalment, the total interest you will pay, and the overall cost of the loan.
It works for home loans, car loans, personal loans and any other reducing-balance loan. Use it to compare options and choose a tenure and amount that fit your budget. Calculations are done locally in your browser.
Frequently asked questions
How do I calculate the EMI on a loan?
Enter the loan amount, annual interest rate and tenure, then click “Calculate EMI”. The tool instantly shows your monthly payment, total interest and total amount payable.
What is EMI?
EMI stands for Equated Monthly Instalment, the fixed amount you pay each month to repay a loan, covering both principal and interest until the loan is cleared.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the number of months.
Does this work for home, car and personal loans?
Yes. The formula is the same for any reducing-balance loan, so you can use it for home loans, car loans, personal loans, education loans and most others.
How can I reduce my EMI?
You can lower the EMI by choosing a longer tenure, making a larger down payment to reduce the principal, or securing a lower interest rate. A longer tenure lowers the EMI but raises total interest.
Is the EMI calculator free and private?
Yes, it is free and all calculations happen in your browser without storing anything.