Loan / EMI Calculator
Loan payment calculator
Your monthly payment (EMI) is set by three things: the loan amount, the interest rate, and the term. Enter them below to see the monthly payment, the total interest you'll pay, and the total cost of the loan.
Monthly payment
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Total interest
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Total paid
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Number of payments
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Frequently asked questions
How is a monthly payment calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the amount, r the monthly rate, and n the number of payments.
What is EMI?
Equated monthly instalment — the fixed monthly amount covering interest and principal until the loan is repaid.
How do I reduce total interest?
A shorter term, lower rate, or larger down payment reduces it; extra payments toward principal help too.
This calculator gives an estimate based on your inputs and assumes a fixed rate. It is not financial advice.