EMI / Loan Calculator
Work out your monthly instalment, total interest and yearly payment schedule. Free, private and runs in your browser.
About EMI / Loan Calculator
EMI / Loan Calculator works out the monthly instalment for a loan from the amount, the yearly interest rate and the period. It also shows the total interest, the total you will repay and a year-by-year breakdown of principal and interest.
How to use EMI / Loan Calculator
- Enter the loan amount and the yearly interest rate.
- Enter the loan period in years or months.
- Read your monthly EMI, total interest and the yearly schedule.
When is EMI / Loan Calculator useful?
- Compare bank offers for a home, car or personal loan
- See how a longer period lowers the EMI but raises the interest
- Plan your monthly budget before you borrow
Frequently asked questions
Which formula does it use?
The standard reducing-balance formula: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months.
Will my bank’s figure be exactly the same?
It can differ slightly because banks add processing fees, round instalments or use their own day-count rules.
Is EMI / Loan Calculator free to use?
Yes. EMI / Loan Calculator is free, with no sign-up and no usage limits.
Is my data sent to your servers?
No. The work is done in your browser on your own device, so nothing you use here is sent to our servers.
Privacy and safety
EMI / Loan Calculator runs entirely in your browser. What you enter or choose never leaves your device and nothing is kept after you close the page.