About the EMI Calculator
Calculate your monthly loan EMI, total interest and total payment. This tool is free, works in your browser and needs no sign-up.
How to use the EMI Calculator
Enter the loan amount, the yearly interest rate and the loan term in years. The calculator shows your monthly instalment, the total interest and the total amount you will repay.
Formula used
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate and n is the number of months.
Example
A loan of 500,000 at 10% for 5 years has an EMI of about 10,624.
Frequently asked questions
Is the EMI Calculator free to use?
Yes. It is completely free and you can use it as many times as you like.
How accurate is the EMI Calculator?
The calculator uses standard formulas, so the maths is exact. Real life results can differ because of fees, taxes, rounding or personal factors, so treat the answer as an estimate.
Do you store the numbers I enter?
No. All calculations run in your browser. The values you type are not sent to our server.
Disclaimer: results are estimates for information only. They are not financial, medical or professional advice.