Calculate your loan EMI, total interest, and total payment — instantly and free.
1. Enter your loan amount (the amount you want to borrow).
2. Enter the annual interest rate offered by your lender.
3. Enter the loan tenure in years.
4. Click "Calculate EMI" to instantly see your monthly EMI, total interest payable, and total payment over the loan period.
EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P is the principal loan amount, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the number of monthly installments (years × 12).
EMI is calculated using the formula EMI = P x R x (1+R)^N / ((1+R)^N - 1), where P is the loan amount, R is the monthly interest rate, and N is the number of monthly installments.
Each EMI payment includes a portion of the principal loan amount and a portion of the interest charged by the lender.
Yes, this EMI calculator works for any type of loan including home loans, car loans, personal loans, and education loans.
Yes, this EMI calculator is completely free with no signup, limits, or hidden charges.