EMI Calculator – Monthly Loan Payment & Interest
Estimate monthly EMI, total repayment and total interest from loan amount, annual interest rate and tenure with a standard amortizing-loan calculation.
Calculate the fixed monthly installment for a standard amortizing loan using a monthly interest rate.
How it works
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1).
Example
A 1,000,000 loan at 12% for 5 years is about 22,244.45 per month before fees or other charges.
How to use
- Enter the loan principal.
- Enter the annual interest rate and loan tenure.
- Calculate the estimated monthly EMI.
- Review total repayment and interest before comparing financing options.
Key features
- Monthly EMI estimate
- Total repayment
- Total interest
- Standard amortizing-loan method
Common uses
- Personal-loan estimates
- Vehicle-finance comparisons
- Budget planning before borrowing
Frequently asked questions
Does this include lender fees?
No. The result is a mathematical payment estimate and does not include lender-specific fees, insurance or taxes.
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