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Loan EMI Calculator

Free loan EMI calculator. Enter loan amount, interest rate and tenure to get monthly payment, total interest and amortization. Instant, no signup.

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Loan EMI Calculator
Free · Instant · No Signup

Formula

Formula
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
P = Principal · r = Monthly interest rate (annual rate ÷ 12 ÷ 100) · n = Total months. Multiply EMI by n to get total payment.

Frequently Asked Questions

What is EMI?+
EMI stands for Equated Monthly Installment — a fixed monthly payment covering both principal and interest over the loan tenure.
How is EMI calculated?+
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1) where P is principal, r is monthly rate, and n is number of months.
What happens if I pay extra EMI?+
Extra payments reduce principal faster, saving significant interest and shortening loan tenure.
Is this loan calculator free?+
Yes, completely free with no signup required.

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