EMI / Loan Calculator
Enter a loan amount, interest rate, and term to see the fixed monthly payment and how much of it goes to interest over the life of the loan.
Overview
A loan's monthly installment (EMI) stays fixed for the whole term, but the split between principal and interest within each payment shifts over time — early payments are interest-heavy, later ones are principal-heavy. This calculator gives you the headline numbers (monthly payment, total interest, total repayment) instantly, so you can compare loan offers or terms without building a spreadsheet.
Examples
Principal 1,000,000, 8% annual rate, 24 months
Principal: 1000000, Rate: 8, Tenure: 24
Monthly EMI: 45227.29 Total Interest: 85454.99 Total Payment: 1085454.99
How It Works
- Enter the loan principal, the annual interest rate, and the tenure in months.
- The monthly EMI, total interest, and total payment appear instantly.
- Adjust any value to see how it changes the monthly payment and total interest.
FAQ
No. Every calculation runs locally in your browser — no loan details ever leave your device.
Yes. The calculator is currency-agnostic — enter plain numbers and read the result in whatever currency your figures are in.
The standard reducing-balance EMI formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly interest rate and n is the tenure in months.
No. This calculator covers the core EMI, interest, and total payment figures only — fees, insurance, and prepayment terms vary by lender and aren't included.
Yes. Below the summary, a year-by-year repayment schedule shows how much of each year's payments goes to principal vs. interest, along with the remaining balance — click any year to expand its 12 monthly rows, and a chart visualizes the principal/interest split over the life of the loan.