Plan any loan with confidence. Enter the loan amount, annual interest rate, and tenure to instantly see your monthly EMI, total interest payable, and total repayment — with a visual split of principal versus interest. Free, no sign-up required.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly interest rate and n is the number of months. Figures are estimates for planning — actual loan terms vary by lender.
How to use the EMI Calculator
- Enter the loan amount and the annual interest rate offered by your lender.
- Enter the loan tenure and choose Years or Months.
- Click Calculate EMI to see your monthly payment, total interest, and total payable — plus a visual principal-vs-interest split.
Frequently asked questions
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay your lender every month until the loan is fully repaid. Each payment covers part of the principal and part of the interest.
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments. This calculator uses the standard reducing-balance formula.
Does a longer tenure mean I pay more overall?
Usually yes — a longer tenure lowers your monthly EMI but increases the total interest paid over the life of the loan. Try different tenures above to compare.