Loan EMI Calculator
Find the fixed monthly instalment (EMI) for any loan, plus the total interest you will pay.
Quick answer: enter your details below and click Calculate — your result appears instantly, right here in your browser. Nothing you enter is uploaded or stored.
L
Calculators
Enter your details below.
How to use
- Enter the loan amount.
- Enter the annual interest rate and the tenure in months.
- Press Calculate to see your EMI, total interest and total payment.
About this tool
An EMI is a fixed monthly payment that covers both interest and part of the loan balance, so the loan is fully repaid by the end of the term. This calculator uses the standard EMI formula: interest is applied monthly to the remaining balance, and the payment is set so the balance reaches zero exactly at the last instalment.
Frequently asked questions
What does EMI mean?
EMI stands for Equated Monthly Instalment: the same fixed amount you pay every month until the loan is fully repaid.
Does a longer tenure always help?
It lowers the monthly EMI, but you pay interest for more months, so the total interest is usually higher.