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Loan EMI Calculator

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Loan EMI Calculator computes the monthly equated installment using the standard EMI formula, then shows total interest payable over the tenure and the total amount paid. Enter principal, annual rate, and tenure in months or years. Works for home loans, car loans, personal loans, and education loans. Runs entirely in your browser.

Related: CompoundGSTPercentage Calculator

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Monthly EMI

4339.12

Total payment

1041387.88

Total interest

541387.88

Standard amortizing loan formula (fixed rate). Banks may add fees or different day-count rules.

Loan EMI calculator

Calculates the Equated Monthly Instalment (EMI) for a loan given principal, annual interest rate, and tenure in months. Also shows the total interest paid over the loan period and a full amortisation breakdown. Used for home loans, car loans, and personal loans.

EMI formula: E = P × r × (1+r)^n / ((1+r)^n − 1) where P = principal, r = monthly rate, n = number of months.