Loan / EMI Calculator
Calculate the monthly payment (EMI), total interest and full repayment schedule for any personal, car, home or business loan.
For information and education only — not financial advice. Results are estimates based on the numbers you enter; check important decisions with a qualified professional.
How to use
- 1Enter the loan amount, annual interest rate and term.
- 2See the monthly payment, total interest and a year-by-year breakdown.
How it's calculated
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the principal, r the monthly rate (annual rate ÷ 12) and n the number of months.
Frequently asked questions
What is EMI?
Equated Monthly Installment — the fixed amount you pay each month. Early payments are mostly interest; later ones are mostly principal.
Does this include fees and insurance?
No. Processing fees, insurance and taxes vary by lender. Compare the APR on your loan offer, which includes most fees.
How can I reduce the total interest?
Choose a shorter term, negotiate a lower rate, or make extra payments toward principal — even small ones cut interest noticeably.