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Loan EMI Calculator

Calculate monthly EMIs, total interest, and total payable amount for your loan.

Enter your loan details to calculate EMI.

How to Use This Tool

  • 1Provide the principal Loan Amount requested.
  • 2Specify the annual Interest Rate (%) and agreed loan Tenure in years.
  • 3Click Calculate EMI to view your fixed monthly payment schedule and total interest cost.

How the Loan EMI Calculator Works

Enter the loan amount, annual interest rate, and repayment tenure. The calculator converts the annual rate to a monthly rate and calculates the fixed monthly EMI.

Formula

Calculation formula EMI = P × r × (1+r)^n ÷ [(1+r)^n − 1], where P is the loan principal, r is the monthly interest rate, and n is the number of monthly payments. Total Interest = Total Payment − Principal.

Instructions

  1. Enter the loan amount.
  2. Enter the annual interest rate.
  3. Enter the loan tenure in years.
  4. Click Calculate EMI to view monthly EMI, total interest, and total payable amount.