🏦 Loan / EMI Calculator
Plan any loan — home, car or personal. Enter the amount, interest rate and duration to see your exact monthly EMI, total interest and total payable.
How to use
- Enter the loan amount (principal).
- Enter the annual interest rate and loan duration in years.
- Click Calculate to see EMI, total interest and total payment.
Frequently asked questions
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay your lender every month until the loan is fully repaid.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r the monthly interest rate and n the number of months.
Does a longer loan always cost more?
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.