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Loan EMI Calculator — Free Online

Calculate Monthly EMI, Total Interest & Repayment Schedule

⚡ Done in seconds🔒 Encrypted HTTPS connection🆓 Free, no account needed

Guide

About Loan Calculator

Calculate EMI (Equated Monthly Installment) for any loan. Enter loan amount, interest rate, and tenure to see monthly payments, total interest, and complete amortization schedule.

How to Use Loan Calculator

1

Enter loan amount

2

Enter annual interest rate

3

Enter loan tenure in months or years

4

See EMI, total interest, and payment schedule

Frequently Asked Questions

EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan, including both principal and interest components.
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P = principal, r = monthly interest rate, n = number of months.
Yes! We show the complete amortization table with principal and interest breakdown for every month.
Yes. The calculator works for any loan type — just enter the amount, rate, and tenure.

Learn More

tutorial
How EMI Is Actually Calculated (The Formula, With Real Numbers)
5 min read

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