Enter your loan amount, interest rate and tenure to see the monthly installment and total interest instantly.
Enter the loan amount, the annual interest rate offered by your bank, and the repayment tenure in years. The monthly EMI, total interest and total repayment amount update instantly as you adjust any value.
EMI is calculated using the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is the monthly interest rate, and n is the number of months.
Use this before applying for a loan to compare how a different interest rate, loan amount, or repayment period changes your monthly payment — useful for car loans, personal loans, or mortgages.
No — this calculates pure principal and interest using the standard EMI formula. Banks may add processing fees, insurance, or other charges on top.
The calculator switches to a simple even split — the loan amount divided evenly across the number of months, with zero interest.
Yes — there's no fixed currency. Just enter your loan amount as a plain number in whichever currency you're working with.
This gives a close standard estimate. Actual EMI may vary slightly depending on your bank's specific calculation method, processing fees, or rounding rules.
It shows what portion of your total repayment is the original loan amount (principal) versus the extra cost of borrowing (interest).
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