Loan EMI Calculator
Calculate your monthly loan EMI payment instantly. Get total interest, total payment, and a full amortisation schedule for any loan.
🏦 Calculate Your Loan EMI
Enter your loan amount, interest rate, and tenure to get your EMI and full payment breakdown.
| Month | EMI | Principal | Interest | Balance |
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Loan EMI Calculator — Calculate Your Monthly EMI Instantly
Our free loan EMI calculator helps you work out your Equated Monthly Instalment for any loan — personal loan, home loan, car loan, or business loan. Use this loan EMI calculator before taking any loan to understand exactly what you will pay each month and how much total interest you will pay over the loan tenure.
What Is EMI and How Does This Loan EMI Calculator Work?
EMI stands for Equated Monthly Instalment — the fixed amount you pay every month to repay a loan. This loan EMI calculator uses the standard EMI formula: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal loan amount, r is the monthly interest rate, and n is the number of months. The loan EMI calculator applies this formula instantly and also generates a full month-by-month amortisation schedule.
How to Use This Loan EMI Calculator
Using this loan EMI calculator is straightforward. Enter your loan amount, annual interest rate, and loan tenure. The loan EMI calculator shows your monthly EMI, total interest payable, and total amount payable. The amortisation table below shows exactly how much of each EMI goes toward principal and how much goes toward interest — a feature most basic loan EMI calculators don’t provide.