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Always free · no login
EMI Calculator
Monthly EMI, total interest and total payment for any home, car or personal loan.
Loan details
No login needed. Always free. Nothing you type is stored.
How to use the EMI Calculator
- 1Enter the loan amount
The amount you borrow.
- 2Add interest and tenure
Yearly interest rate and loan period in years.
- 3See your EMI
Monthly EMI, total interest and total payment.
Questions
How is EMI calculated?
EMI = P × r × (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 months.
Does a longer tenure reduce EMI?
Yes, but you pay much more interest in total. Use the calculator to compare.
Is the result exact?
It is an estimate. Your bank may round differently or add fees.
