Loan / EMI Calculator

The Loan / EMI Calculator computes the monthly payment (also called EMI — Equated Monthly Installment) for any fixed-rate loan, along with the total interest paid and the total amount repaid over the life of the loan. Whether you are evaluating a mortgage, a car loan, a personal loan or a student loan, this tool shows you the true cost of borrowing before you sign.

The calculator uses the standard amortization formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal (loan amount), r is the monthly interest rate (annual rate divided by 12 and by 100), and n is the total number of monthly payments (loan tenure in years times 12). This formula assumes a fixed interest rate and level payments — the structure of most consumer loans worldwide.

Enter the loan amount, annual interest rate and tenure in years. The calculator shows your monthly payment, the total interest you will pay over the life of the loan, and the total amount repaid (principal plus interest). A payment breakdown shows what fraction of your repayment goes to interest versus principal — a sobering view that helps borrowers understand why early payments barely move the principal balance.

This is a calculation tool, not financial advice. Real loans may include fees, insurance, variable rates, prepayment penalties and tax deductions that this calculator does not model. Always read your loan agreement and consult a qualified financial advisor for decisions involving significant money.

The calculator runs entirely in your browser; your loan details are not stored or transmitted.