Monthly payment—
Total interest—
Total paid—
Number of payments—
About this tool
This free loan & EMI calculator works out the monthly payment (EMI) on any loan from the amount, the annual interest rate and the term. It also shows the total interest you'll pay and the total cost of the loan.
It uses the standard amortized-loan formula and works for any loan — personal, car, home or student. Everything is calculated in your browser.
Features
- Monthly payment (EMI) for any loan
- Total interest and total amount paid
- Term in years or months
- Handles 0% interest loans too
How to use it
- Enter the loan amount
- Enter the annual interest rate (e.g. 7.5)
- Set the term in years or months
- Read your result — the monthly payment and totals update instantly