EMI Calculator
Calculate your monthly loan EMI and total interest.
🔒 Runs entirely in your browser — nothing is uploaded.
How EMI Calculator works
How does the EMI calculator work?
It uses the standard amortizing-loan formula EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r is the monthly interest rate (your annual rate divided by 12 and by 100), and n is the total number of monthly installments. If the rate is entered as 0, it just falls back to dividing the principal evenly across the months. Total interest is simply the total of all EMIs paid minus the principal.
When would I use this?
Use it before taking a home, car, or personal loan to see what your fixed monthly payment would actually be at a given rate and term. It is also useful for comparing two loan offers side by side, since a small rate difference can move the monthly figure more than people expect.
What does the calculator assume?
It assumes a fixed interest rate for the entire tenure and a standard reducing-balance amortization schedule with no prepayments, fee add-ons, or rate resets. If your actual loan has a floating rate or you plan to make extra payments, your real payoff will differ from this estimate.