Loan / EMI calculator
Enter the loan amount, interest rate, and term to see your monthly payment (EMI), total interest, and total cost — all calculated in your browser.
Monthly payment (EMI)
2,124.70
Total interest
27,482
Total paid
127,482
Not financial advice. This is a mathematical illustration of principal and interest only. Actual loan offers include fees, taxes, and terms that change the cost — confirm with your lender.
Frequently asked questions
How is a loan EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual ÷ 12 ÷ 100), and n is the number of monthly payments. This calculator applies that formula instantly.
What is EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month, covering both interest and principal, until the loan is repaid.
Does this include fees or insurance?
No. It calculates principal and interest only. Real loans may add processing fees, insurance, or taxes — check your lender’s figures.
Is my data uploaded?
No. TryCalculatingNow calculates in your browser. Your numbers never leave your device.