Loan / EMI Calculator
Estimate your monthly loan payment (EMI), total interest, and total repayment from the amount, rate, and term. Free online EMI calculator.
Estimate the monthly payment on a loan and see how much of it is interest. Enter the loan amount, annual interest rate, and term in years to get your equated monthly instalment (EMI), the total interest paid, and the total amount repaid. The math runs entirely in your browser.
How to use Loan / EMI Calculator
- Enter the loan amount you want to borrow.
- Enter the annual interest rate and the term in years.
- Instantly see the monthly payment, total interest, and total repaid.
Frequently asked questions
How is the EMI calculated?
It uses the standard amortization formula 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 monthly payments.
Which currency does it use?
None in particular — it's currency-agnostic. The figures simply reflect whatever unit you enter, so it works for any currency.
Does it handle a 0% interest loan?
Yes. With a zero rate, the payment is simply the principal divided evenly across the term, and total interest shows as zero.
Is this a binding quote?
No. It's an estimate for planning. Actual lender terms may include fees, insurance, or different compounding, so treat the result as a guide.