Loan EMI Calculator
Calculate monthly loan payments, total interest and total cost.
How to use Loan EMI Calculator
- Enter the loan amount (principal).
- Enter the annual interest rate (%).
- Enter the term in months.
- Read the results — monthly EMI, total interest, and total amount payable — and adjust to compare options.
What is Loan EMI Calculator?
An EMI (Equated Monthly Installment) is the fixed payment a borrower makes each month until a loan is repaid. It's calculated from the principal, the monthly interest rate and the number of months using the standard amortization formula.
Each EMI covers part interest and part principal; early payments are mostly interest, later ones mostly principal. Knowing the EMI and total interest helps you budget and compare loan offers.
About the Loan EMI Calculator
The Loan EMI Calculator works out your Equated Monthly Installment — the fixed amount you'd pay each month — along with the total interest and total amount payable over the life of a loan. Enter the loan amount, annual interest rate and term, and see the full picture instantly.
Whether you're considering a home loan, car loan or personal loan, knowing the monthly payment and the true total cost (principal plus interest) is essential before you commit. This tool makes it easy to compare scenarios — adjust the rate or term and watch the numbers change.
It calculates in your browser and is free, with no personal details required.
Frequently Asked Questions
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How Loan EMI Is Calculated (With Worked Examples)
Wondering how your monthly loan payment is worked out? Here is the EMI formula explained simply, with a real example and a free calculator.
Read the guide