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EMI Calculator

Calculate monthly loan payments, total payable amount, and interest.

Loan AmountAnnual Interest Rate (%)Loan Term (months)

Monthly EMI

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Total Payable

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Total Interest

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What's next?

🧾GST Calculator 📈ROI Calculator 📊Compound Interest Calculator

Free Online EMI Calculator

Calculate your monthly loan EMI, total interest, and total payable amount in your browser — no upload to any server and no account required. Works for home loans, car loans, and personal loans.

Home buyers calculate whether a mortgage fits their monthly budget before applying. Car buyers compare EMIs across different loan tenures. Small business owners evaluate whether a business loan repayment is sustainable.

How to Use

1Enter the loan principal amount.
2Enter the annual interest rate.
3Enter the loan tenure in months or years.
4Your EMI, total interest, and total payable amount are shown instantly.

Frequently Asked Questions

Is any data sent to a server?

No. The EMI calculation runs entirely in your browser. Nothing is uploaded or stored.

What is the EMI formula?

EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate, and n is the number of months.

Does the calculator account for processing fees?

No. The result shows the pure EMI based on principal, rate, and tenure. Add processing fees separately.

Can I calculate EMI for a reducing balance loan?

Yes. The standard EMI formula used here is based on the reducing balance method, which is the most common for bank loans.

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