Loan / EMI Calculator
Calculate your monthly loan payment (EMI) plus total interest and total payable.
About Loan / EMI Calculator
Estimate the monthly installment (EMI) on any loan or mortgage from the amount, annual interest rate and term. See your total interest and total payable, with a visual split of principal vs interest. Calculated instantly in your browser.
How to use Loan / EMI Calculator
- 1
Enter the loan amount.
- 2
Enter the annual interest rate.
- 3
Enter the loan term in years.
- 4
See your monthly EMI, total interest and total payable.
Frequently Asked Questions
How is EMI calculated?
EMI = P·i·(1+i)ⁿ / ((1+i)ⁿ−1), where P is the principal, i is the monthly interest rate, and n is the number of months. This is the standard amortized-loan formula.
Does this include fees or insurance?
No. It calculates the principal-and-interest payment only. Lender fees, taxes and insurance are not included.
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