EMI Calculator
Calculate monthly loan EMI, total interest, and total payable.
How to use it
- Enter the loan amount and the annual interest rate.
- Set the tenure in years.
- Read the monthly EMI, total interest, and total payable.
About this tool
The EMI calculator works out the equated monthly installment on a loan using the standard reducing balance formula, then shows the total interest and the total amount you will pay over the term. It assumes a fixed rate and equal monthly payments. It does not include processing fees, insurance, or rate changes, so the real cost can differ.
Examples
$250,000 at 9 percent for 5 yearsAbout $5,189 per month$10,000 at 12 percent for 2 yearsAbout $471 per monthCommon uses
- Estimate a car or personal loan payment
- Compare loan offers at different rates
- See the total interest a loan will cost
- Plan a budget around a monthly payment
FAQ
Is my loan information sent anywhere?
What is an EMI?
Does it include fees and insurance?
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Open toolEmbed this tool
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