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EMI/Loan Calculator

Calculate your monthly loan EMI, total interest and total repayment from the loan amount, interest rate and tenure. Free EMI calculator.

Monthly EMI

867.82

Principal
100,000.00
Total interest
108,277.58
Total payment
208,277.58

Based on the standard reducing-balance EMI formula with monthly compounding. Actual bank EMIs may differ slightly due to fees and rounding.

About EMI/Loan Calculator

The EMI Calculator works out the fixed monthly installment for any loan from three inputs: loan amount, annual interest rate and tenure. Alongside the EMI it shows the total interest you'll pay and the total repayment over the life of the loan.

It uses the standard reducing-balance formula — EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1) — the same method banks use for home, car and personal loans. Compare tenures and rates side by side to see how dramatically a shorter tenure cuts total interest.

All calculation happens in your browser; no financial details are sent anywhere.

How to Use the EMI/Loan Calculator

  1. Enter the loan amount you plan to borrow.
  2. Enter the annual interest rate and the tenure in years or months.
  3. Read your monthly EMI, total interest and total repayment instantly.

Features

  • Standard reducing-balance EMI formula
  • Total interest and total payment breakdown
  • Tenure in years or months
  • Works for home, car, personal and education loans

Frequently Asked Questions

What is an EMI?

An Equated Monthly Installment is the fixed amount you pay each month on a loan. Early payments are mostly interest; later ones mostly principal — but the monthly amount stays constant.

Why does a longer tenure cost more overall?

A longer tenure lowers the monthly EMI but keeps the principal outstanding longer, so interest accrues for more months — often adding up to far more total interest.

Is the EMI Calculator free?

Yes, the EMI Calculator is completely free with no usage limits. No signup, no account and no installation required.

Is my data safe?

Yes. All processing happens locally in your browser using JavaScript — nothing you type is uploaded or stored on our servers.

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