Loan & EMI Calculator

Find your monthly installment (EMI) for a home, car or personal loan. Enter the loan amount, yearly interest rate and tenure to see the EMI, total interest and total amount you will repay.

About this tool

Enter the loan amount, annual interest rate and tenure to get your monthly EMI, total interest and total amount payable. Use it to compare home, car or personal loan offers before you borrow. Results are estimates and your lender’s figures may differ slightly.

How to use the Loan & EMI Calculator

1. Enter the loan amount and yearly interest rate.
2. Enter tenure in years or months.
3. Click Calculate EMI.

Why use this tool?

It is 100% free, needs no signup, gives instant results and works on desktop, tablet and mobile. Your data is processed in your browser and is not stored on our servers.

Frequently asked questions

How is EMI calculated?

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months.

Does a longer tenure save money?

It lowers the EMI but increases the total interest paid.

How is EMI calculated?

EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the loan, r the monthly rate and n the number of months.

Does a longer tenure reduce EMI?

It lowers the monthly payment but increases the total interest you pay.

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