💰 EMI / Loan Calculator
Plan your loan: monthly EMI, total interest and total payable — instantly.
How to use
- Enter the loan amount.
- Enter the annual interest rate and tenure in years.
- Click Calculate EMI to see your monthly payment breakdown.
FAQs
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month toward repaying a loan.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r is monthly rate and n is number of months.
Does a longer tenure reduce EMI?
Yes — a longer tenure lowers monthly EMI but increases total interest paid.
Is it free?
Yes, completely free with no signup.