Calculators · 100% Free
Loan EMI Calculator
Planning a home, car or personal loan? Find your exact monthly EMI, total interest payable and a year-by-year amortization summary before you sign anything.
How to Use the EMI Calculator
1
Enter your loan amount.
2
Set the annual interest rate charged by your lender.
3
Choose the tenure in years or months.
4
Click Calculate EMI to see your monthly payment, total interest and amortization table.
Why Use Our EMI Calculator?
- Exact EMI math. The standard reducing-balance formula lenders actually use.
- Amortization summary. See the yearly principal vs interest split.
- Years or months. Enter tenure whichever way suits you.
- Private. Your loan details never leave your browser.
EMI Calculator FAQs
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n the number of months. The tool computes it instantly.
Rates vary by country, lender and credit score. Compare the total interest payable — not just the EMI — across offers.
Yes, but you pay far more total interest. A shorter tenure costs more monthly and much less overall.
Prepayments cut the principal, which reduces future interest. Many lenders allow it after a lock-in period — check your terms.
It uses the same standard formula, so it matches closely. Small differences can come from processing fees or rounding.
No — calculations run entirely on your device.
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