Loan EMI Calculator

Enter the loan amount, annual interest rate and tenure to get your equated monthly instalment (EMI). The calculator also shows the total interest you will pay and how each year's payments split between principal and interest, which you can download as a CSV.

How to use the Loan EMI Calculator

1. Enter the loan amount.
2. Enter the annual interest rate quoted by the lender.
3. Enter the tenure and choose years or months.
4. Press Calculate to see the EMI, totals and yearly breakdown.

Features

• Standard reducing-balance EMI formula: P × r × (1+r)^n ÷ ((1+r)^n − 1)
• Correct handling of 0% interest loans
• Yearly principal, interest and balance table
• CSV download and choice of currency symbol

Benefits

• Know what a loan will cost before you sign
• Compare tenures to balance monthly affordability against total interest

Frequently asked questions

What is an EMI?

An equated monthly instalment is the fixed amount you pay every month on a loan. Early payments are mostly interest; later payments are mostly principal.

Does a longer tenure cost more?

Usually yes. A longer tenure lowers the EMI but you pay interest for more months, so the total interest is higher.

Why might my lender's EMI be slightly different?

Lenders may add processing fees or insurance, round differently, or calculate interest daily. Results are estimates for planning and education, not financial advice.

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