Loan / EMI Calculator
Enter the loan details to calculate EMI, total interest, total payment, and repayment schedule instantly.
Results
Core payment numbers in one place.
Monthly EMI
$ 2,027.64
Principal
$ 100,000.00
Interest
$ 21,658.37
Total paid
$ 121,658.37
Term
60 months
Breakdown
Principal and interest split.
82.2% principal
17.8% interest
Principal
$ 100,000.00
Interest
$ 21,658.37
Amortization Schedule
Open the table to review each monthly payment.
What you get
A clearer view of loan cost before you commit
The calculator keeps the main repayment numbers visible so you can compare payment size, total interest, and the long-term cost of borrowing.
Live EMI updates while you change the inputs.
A total interest view that shows the cost of borrowing.
Principal and interest split for quicker comparison.
A collapsible schedule for month-by-month planning.
How to use
A simple three-step flow
Enter the loan details, calculate EMI, and review the monthly repayment plan.
Step 1
Enter the loan amount, annual interest rate, and term.
Step 2
Choose whether the term is in years or months.
Step 3
Pick the currency and calculate the EMI instantly.
EMI formula
How EMI is calculated
The calculator uses the standard loan EMI formula with a monthly interest rate and a fixed number of months. That makes the result easy to compare across lenders and loan types.
Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
P = loan amount, r = monthly interest rate, n = total number of months.
P
Principal amount
r
Monthly interest rate
n
Total months
Illustrative calculation
See a loan calculation in action
This illustration uses fixed values to show how the final EMI and repayment totals are derived, so users can understand the relationship between loan size, rate, and tenure.
Illustrative inputs
Loan amount: $ 250,000.00
Interest rate: 10.5% per year
Tenure: 7 Years
EMI
$ 4,215.17
Total interest
$ 104,074.14
Total payment
$ 354,074.14
Monthly term
84 months
What is EMI?
Equal Monthly Installment explained
EMI is the fixed amount paid every month toward your loan principal and interest. It is the simplest way to compare loan affordability because the payment stays constant while the split between principal and interest changes over time.
Each payment contains two parts: principal repayment and interest charge. Early payments carry more interest, while later payments reduce the remaining principal more quickly. That is why the amortization schedule matters when comparing two loan offers with the same EMI but different terms.
Benefits
Why this calculator helps
Use the tool to compare repayment options and understand the total cost before you commit.
Plan monthly repayments before borrowing.
Compare different tenure lengths quickly.
See total interest and total payment clearly.
Review the amortization schedule for better planning.
Loan types
Common loans people compare
The calculator works for many fixed-repayment loan types.
FAQs
Common questions
Quick answers for first-time users.
What does EMI mean?
EMI means Equal Monthly Installment. It is the fixed amount you pay each month toward principal and interest.
Can I use months instead of years?
Yes. Select Months in the tenure toggle if your loan duration is already in monthly terms.
Why does the schedule matter?
The schedule shows how much of each payment goes to principal and how much goes to interest over time.
Is this calculator saving my data?
No. It runs completely in the browser and does not send your input to a backend.
How do I choose a tenure?
A longer tenure lowers the monthly EMI but raises the total interest. A shorter tenure does the opposite, so compare both before deciding.
Does the currency change the math?
No. The currency changes the display format only. The EMI formula itself stays the same for every supported currency.
Disclaimer
This tool is for estimation only. Actual EMI, interest, and payment terms may vary by lender, fees, rounding rules, and contract terms. Always confirm the final numbers with your bank or loan provider.