About this Loan & EMI Calculator
This free EMI calculator shows the fixed monthly installment for any loan — home loan, car loan, personal loan or business loan. Enter the loan amount, the yearly interest rate and how long you'll take to repay, and you'll instantly see your monthly EMI, the total interest you'll pay, and the total amount repaid. The coloured bar shows how much of your repayment is principal versus interest.
How to use it
- Enter the loan amount.
- Enter the annual interest rate (%).
- Set the tenure in years or months — the results update instantly.
How is EMI calculated?
EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay each month until the loan is repaid — it covers both interest and part of the principal.
Is this loan calculator free?
Yes — completely free, no signup, and everything is calculated in your browser.