Loan EMI Calculator

Calculate your monthly EMI, total interest, and total loan repayment amount.

Calculate Loan EMI

What is a Loan EMI Calculator?

A Loan EMI Calculator helps you determine the fixed monthly installment (EMI) required to repay a loan over a specified period with interest.

Why use this Loan EMI Calculator?

• ✔ Know monthly EMI before taking a loan
• ✔ Compare loan tenure and interest rates
• ✔ Plan finances efficiently
• ✔ Eliminates manual EMI calculations

EMI Calculation Formula

EMI = P × r × (1 + r)^n / [(1 + r)^n − 1]

Where:
P = Loan amount
r = Monthly interest rate
n = Number of months
  

Example

Loan of ₹5,00,000 at 8.5% for 20 years:

• EMI ≈ ₹4,339
• Total Interest ≈ ₹5,41,360

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