Work out your monthly loan repayment in seconds. Enter the loan amount, annual interest rate and tenure to see your EMI, total interest and total payment — free, instant and private, with no sign-up needed.
How to Use
- Enter the total loan amount you plan to borrow.
- Enter the annual interest rate offered by your lender.
- Enter the loan tenure in years, then click Calculate EMI.
- Read your monthly EMI, total interest payable and total payment instantly.
Key Features
- Instant EMI figure — your fixed monthly repayment, calculated on the spot.
- Total interest breakdown — see exactly how much interest the loan costs you.
- Flexible tenure — works with whole or part years, including zero-interest loans.
- Clear validation — empty or invalid figures get a friendly message, not a wrong answer.
- 100% private — everything is calculated in your browser; nothing is sent anywhere.
FAQs
Is this EMI calculator free?
Yes. It is completely free with no sign-up and no limits on how many calculations you run.
What is EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay your lender every month until the loan is fully repaid, covering both principal and interest.
How is EMI calculated?
EMI is calculated with the reducing-balance formula: P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate and n the number of monthly payments.
Is my loan data stored anywhere?
No. The calculation runs entirely in your browser with JavaScript and nothing is transmitted or saved.
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