The EMI / Loan Calculator computes the equated monthly instalment (EMI) for any loan using the standard reducing-balance formula. Enter the loan amount, annual interest rate and tenure to see your monthly payment, total interest and total repayment, plus a principal-versus-interest split.
Plan your loan repayments
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month over the life of a loan. This calculator uses the standard formula EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly interest rate and n is the number of months, so the figures match what banks use.
Seeing the total interest alongside the principal helps you compare loan offers and understand the true cost of borrowing.
Inputs and outputs
- Inputs: loan amount, annual interest rate, tenure in years
- Monthly EMI you will pay
- Total interest and total amount payable
- Visual split of principal versus interest
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