EMI Loan Calculator

Calculate monthly EMI, total interest and total payment for any loan amount, rate and tenure.

Loan amount (principal): Annual interest rate (%): Tenure (years):

—Monthly EMI

—Total interest

—Total payment

Reducing-balance method. Processing fees and taxes are not included.

How to use

Enter the loan amount, annual interest rate and tenure in years, then click Calculate EMI.

How is EMI calculated?

Using the standard reducing-balance formula. Monthly EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1).

Is this free?

Yes, free with no signup.

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