Loan EMI Calculator
Calculate monthly loan EMI, total interest, and payment schedules.
Informational estimate only — not financial advice. Enter amounts in your own currency.
About This Tool
An EMI (Equated Monthly Installment) is the fixed amount you repay each month on a loan, made up of both principal and interest. This calculator uses the standard amortization formula to work out your exact monthly payment, total interest paid over the life of the loan, and total amount repaid — for a mortgage, auto loan, or personal loan in any currency.
How to Use Loan EMI Calculator
- Enter the loan amount you plan to borrow.
- Enter the annual interest rate offered by your lender.
- Enter the loan tenure in years — results update instantly.
Frequently Asked Questions
What formula does this calculator use?
It uses the standard reducing-balance EMI formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of monthly installments.
Does the result include taxes or processing fees?
No — this shows pure principal-and-interest EMI. Lenders often add processing fees, insurance, or taxes on top, so check your loan offer for the full cost.
Is this financial advice?
No. This is an informational calculator only. Always confirm exact figures with your lender before signing a loan agreement.