Loan & EMI Calculator
Work out your monthly instalment, total interest and total repayment for any loan.
0Monthly EMI
0Total interest
0Total payment
Principal Interest
| Year | Principal paid | Interest paid | Balance |
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Results are estimates for illustration only and are not financial advice. Your lender's figures may differ.
About Loan & EMI Calculator
Enter the loan amount, yearly interest rate and the length of the loan to see your monthly EMI (equated monthly instalment), the total interest you will pay and the full repayment amount. A yearly breakdown shows how much of your payments go to principal and interest.
Use it to compare loan offers for a car, home, business or personal loan before you apply.
How to use it
- Enter the loan amount.
- Enter the yearly interest rate in percent.
- Enter the loan length in years or months.
- Click Calculate to see your EMI and a yearly breakdown.
Frequently asked questions
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the loan, r is the monthly rate and n is the number of months.
It may differ slightly because of fees, taxes, rounding and how interest is applied.
Yes. Pick a currency symbol, or leave it blank. The math is the same.