payments
Loan / EMI Calculator
Work out your monthly payment.
Enter your loan amount, interest rate, and tenure to see your EMI, total payment, and total interest.
Instant Results
Get your EMI, total payment, and total interest the moment you calculate.
Full Breakdown
See your loan summary alongside all the details you entered.
Free & Unlimited
No signup, no watermarks, no limits. Use it as many times as you like.
How EMI is calculated
Your Equated Monthly Installment (EMI) is calculated using the standard loan amortization formula: 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 monthly installments.
How to use this calculator
- Enter your loan amount.
- Enter the annual interest rate.
- Enter the loan tenure in years.
- Click Calculate EMI to see your monthly payment, total payment, and total interest.
Frequently Asked Questions
EMI stands for Equated Monthly Installment — a fixed monthly payment made toward a loan that covers both principal and interest, calculated so the loan is fully repaid by the end of its tenure.
No. This calculator computes EMI based only on the loan amount, interest rate, and tenure you enter — it does not include processing fees, insurance, or taxes that a lender may add.
Yes. 100% free — no account required, no watermarks, no usage limits.