Loan EMI Calculator
Calculate the Equated Monthly Installment (EMI) for any type of loan — personal, car, education, or home. Enter the loan amount, interest rate, and tenure to see your monthly payment and total interest cost.
How to Use
Enter the total loan amount you need, the annual interest rate offered by your lender, and the loan tenure in years. The calculator computes your fixed monthly EMI, total interest payable over the loan period, and the total amount you'll repay. This works for any fixed-rate loan including personal loans, car loans, education loans, and home loans.
Formula
Where P is the principal loan amount, r is the monthly interest rate (annual rate / 12), and n is the number of monthly installments (tenure in years × 12). The EMI remains constant throughout the loan tenure, though the proportion going to principal vs. interest changes each month.