Loan EMI Calculator
Calculate loan EMI instantly and know exactly what a loan costs before you sign. Whether it's a home loan, car loan, personal loan or education loan, the monthly EMI — Equated Monthly Installment — is the number that decides whether a loan fits your budget. Enter the loan amount, annual interest rate and tenure, and this calculator returns your exact monthly payment, total interest payable, and total amount you'll repay. A visual breakdown shows how much of every payment goes to principal versus interest, so you can compare tenures intelligently: longer means smaller EMIs but far more interest over the years.
Loading tool…
How to calculate loan EMI online for free
- 1
Enter the loan amount you plan to borrow.
- 2
Enter the annual interest rate your lender quoted.
- 3
Enter the loan tenure in years or months.
- 4
Read your monthly EMI, total interest and total payable amount, plus the principal-vs-interest breakdown.
Why use this emi calculator tool?
Accurate reducing-balance EMI
Uses the standard reducing-balance formula that banks use — the same EMI your lender's PDF will show.
Complete cost picture
Monthly EMI, total interest, total payment, and the interest-to-principal ratio — so you see the true cost, not just the installment.
Flexible tenure units
Enter tenure in years or months to match how your lender quotes it, with instant conversion between the two.
Instant scenario testing
Every input updates results live — compare a 10-year vs 20-year tenure in seconds to find your sweet spot.