EMI / Loan Calculator
Plan any loan — home, car, personal. See your monthly EMI, total interest and total cost before you sign.
Quick answer: Free EMI calculator: compute monthly loan payments, total interest and total repayment for home, car or personal loans. Instant and private.
–Monthly payment
–Total interest
–Total repayment
How to use
- Open this page on any device — no signup needed.
- Fill in the fields above.
- Get your result instantly — nothing is uploaded.
About this tool
An EMI (Equated Monthly Instalment) calculator shows the fixed monthly payment for a loan based on principal, annual interest rate and tenure. The formula is P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate. Comparing EMIs before borrowing helps you budget and negotiate better terms.
FAQ
What formula does an EMI calculator use?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly interest rate and n is number of months.
Does a longer tenure reduce my cost?
It reduces the monthly EMI but increases total interest paid. Try different tenures above to compare.
Is this the same as my bank's number?
It is the standard reducing-balance EMI formula used by banks. Small differences can come from processing fees or insurance add-ons.
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